Hawaii issues 2009 G.O. bonds, calls some of older series G.O. bonds

By Marisa Wong

Milwaukee, Nov. 24 - The State of Hawaii gave notice that it will refund certain maturities of several series of its general obligation bonds using proceeds from its new issuance of 2009 G.O. refunding bonds, series DT, DU, DV and DW.

The following series 1989, 1992, 1993 and 1996 bonds will be refunded:

• $4,444,540 of 7.15% bonds, series 1989BQ, due Dec. 1, 2009;

• $1.19 million of 6.375% bonds, series 1992BW, due March 1, 2011;

• $625,000 of 5.75% bonds, series 1993CA, due Jan. 1, 2010; and

• $8.335 million of 6% bonds, series 1996CM, due Dec. 1, 2009.

The state will redeem $5.315 million of 5.625% bonds, series 1999CT, on Dec. 24 at 101.

The following series 2000CU bonds will be redeemed at par on Oct. 1, 2010:

• $6.795 million of 5.75% bonds due Oct. 1, 2011;

• $5.985 million of 5.75% bonds due Oct. 1, 2012;

• $825,000 of 5% bonds due Oct. 1, 2013; and

• $2.47 million of 5.1% bonds due Oct. 1, 2014.

The following series 2001CV bonds will be redeemed at par on Aug. 1, 2011:

• $16.2 million of 5.375% bonds due Aug. 1, 2012;

• $17.095 million of 5.375% bonds due Aug. 1, 2013;

• $18.035 million of 5.375% bonds due Aug. 1, 2014;

• $455,000 of 4.8% bonds due Aug. 1, 2016;

• $14.405 million of 5.375% bonds due Aug. 1, 2018;

• $1.54 million of 4.9% bonds due Aug. 1, 2019;

• $16.005 million of 5% bonds due Aug. 1, 2020;

• $13.66 million of 5.375% bonds due Aug. 1, 2019; and

• $13.23 million of 5.25% bonds due Aug. 1, 2021.

The following series 2001CW bonds will be redeemed at par on Aug. 1, 2011:

• $285,000 of 4.4% bonds due Aug. 1, 2012;

• $460,000 of 4.5% bonds due Aug. 1, 2013;

• $60,000 of 4.6% bonds due Aug. 1, 2014;

• $4.01 million of 5.375% bonds due Aug. 1, 2012; and

• $4.065 million of 5.375% bonds due Aug. 1, 2013.

The following series 2002CX bonds will be redeemed at par on Feb. 1, 2012:

• $1.525 million of 4.5% bonds due Feb. 1, 2013;

• $2.14 million of 4.6% bonds due Feb. 1, 2014;

• $480,000 of 4.625% bonds due Feb. 1, 2015;

• $8.02 million of 5% bonds due Feb. 1, 2019;

• $8.42 million of 5.1% bonds due Feb. 1, 2020;

• $8.85 million of 5.5% bonds due Feb. 1, 2021;

• $9.335 million of 5.125% bonds due Feb. 1, 2022;

• $12.415 million of 5.5% bonds due Feb. 1, 2013;

• $140,000 of 5.5% bonds due Feb. 1, 2014; and

• $790,000 of 5.5% bonds due Feb. 1, 2015.

To be redeemed at par on July 2, 2012 are $14.8 million of 5.5% bonds due July 1, 2013 and $13.785 million of 5.5% bonds due July 1, 2014, both of series 2002CZ.

Also to be refunded are the following bonds:

• $1.295 million of 5.25% bonds, series 2002CX, due Feb. 1, 2010;

• $31.675 million of 5.25% bonds, series 2002CY, due Feb. 1, 2010;

• $8.98 million of 3.5% bonds, series 2006DI, due March 1, 2010; and

• $4.945 million of 5% bonds, series 2006DI, due March 1, 2010.

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