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Published on 5/21/2012 in the Prospect News Liability Management Daily and Prospect News Municipals Daily.

Michigan Municipal Bond Authority calls $141.1 million bonds in full

By Ashley Montgomery

Kansas City, Kan., May 21 - Michigan Municipal Bond Authority will redeem all of its $141,095,000 series 2005B School District of the City of Detroit revenue bonds, according to a notice.

The bonds will be redeemed June 1 at 103.

The following bonds are affected:

• $14,775,000 of 5% bonds due June 1, 2013;

• $15,515,000 of 5% bonds due June 1, 2014;

• $16.29 million of 5% bonds due June 1, 2015;

• $17,105,000 of 5% bonds due June 1, 2016;

• $17.96 million of 5% bonds due June 1, 2017;

• $18.86 million of 5% bonds due June 1, 2018;

• $19.8 million of 5% bonds due June 1, 2019; and

• $20.79 million of 5% bonds due June 1, 2020.

Bank of New York Mellon Trust Co., NA is the agent.


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