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Published on 9/17/2010 in the Prospect News Liability Management Daily and Prospect News Municipals Daily.

Michigan building authority calls $87.22 million 2000 series I bonds

By Marisa Wong

Madison, Wis., Sept. 17 - The Michigan State Building Authority said it will redeem its outstanding 2000 series I facilities program revenue bonds, totaling $87.22 million, in full on Oct. 15.

The bonds will be redeemed at par plus accrued interest up to the redemption date.

To be redeemed are the following bonds:

• $7.56 million of 5% bonds due Oct. 15, 2011;

• $7.935 million of 5% bonds due Oct. 15, 2012;

• $8.335 million of 5% bonds due Oct. 15, 2013;

• $8.75 million of 5% bonds due Oct. 15, 2014;

• $9.18 million of 5.125% bonds due Oct. 15, 2015;

• $9.66 million of 5.25% bonds due Oct. 15, 2016;

• $10.165 million of 5.25% bonds due Oct. 15, 2017;

• $10.7 million of 5.25% bonds due Oct. 15, 2018;

• $11.26 million of 5.375% bonds due Oct. 15, 2019; and

• $3.675 million of 5.375% bonds due Oct. 15, 2020.


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