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Published on 3/29/2012 in the Prospect News Liability Management Daily and Prospect News Municipals Daily.

Detroit School District calls $194.69 million of 2001A G.O. bonds

By Tali David

Minneapolis, March 29 - The School District of the City of Detroit called $194,685,000 of its school building and site improvement unlimited tax general obligation bonds, series 2001A, according to a notice.

The following bonds will be redeemed at par plus accrued interest on May 1:

• $6.11 million of 5.5% bonds due May 1, 2013;

• $300,000 of 4.125% bonds due May 1, 2013;

• $3,415,000 of 5.5% bonds due May 1, 2014;

• $3.03 million of 5.5% bonds due May 1, 2014;

• $390,000 of 4.25% bonds due May 1, 2014;

• $17,175,000% bonds due May 1, 2015;

• $7,185,000 of 5.5% bonds due May 1, 2016;

• $400,000 of 4.6% bonds due May 1, 2016;

• $12,295,000 of 5.5% bonds due May 1, 2017;

• $11,656,000 of 5.5% bonds due May 1, 2018;

• $12.2 million of 5.5% bonds due May 1, 2019;

• $12,875,000 of 5.5% bonds due May 1, 2020;

• $1,345,000 of 5% bonds due May 1, 2021;

• $12.24 million of 5.5% bonds due May 1, 2021; and

• $94.16 million of 5.125% bonds due May 1, 2031.

U.S. Bank, NA is the trustee.


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