North Carolina calls, defeases eight series of G.O. bonds

By Tali Rackner

Norfolk, Va., May 1 - The State of North Carolina called and defeased various series of its general obligation bonds, according to a notice.

The state called its series 2001A, 2003A, 2003B, 2004 and 2004A G.O. bonds. It defeased its series 2005A, 2006A and 2007A bonds.

The following 2001A G.O. public improvement bonds will be redeemed on May 30:

• $1,265,000 of 4.75% bonds due March 1, 2015;

• $1,265,000 of 4.75% bonds due March 1, 2016; and

• $2,215,000 of 4.75% bonds due March 1, 2017.

The following 2003A G.O. public improvement bonds will be redeemed on May 30:

• $1,225,000 of 4% bonds due March 1, 2017.

The following 2003B G.O. public improvement bonds will be redeemed on May 30:

• $450,000 of 5% bonds due April 1, 2015.

The following 2004 G.O. highway bonds will be redeemed on May 30:

• $20 million of 5% bonds due May 1, 2015.

The following 2004A G.O. public improvement bonds will be redeemed on May 30:

• $25 million of 5.25% bonds due March 1, 2015;

• $3.21 million of 5% bonds due March 1, 2016;

• $8.34 million of 4.25% bonds due March 1, 2024; and

• $8.07 million of 4.25% bonds due March 1, 2025.

The following 2005A G.O. public improvement bonds will be redeemed on March 1, 2015:

• $25 million of 5% bonds due March 1, 2016;

• $1,455,000 of 5% bonds due March 1, 2017;

• $1,455,000 of 5% bonds due March 1, 2018;

• $1,455,000 of 5% bonds due March 1, 2019;

• $3.14 million of 5% bonds due March 1, 2020;

• $4.65 million of 5% bonds due March 1, 2021;

• $4.65 million of 5% bonds due March 1, 2022; and

• $4,505,000 of 4% bonds due March 1, 2024.

The following 2006A G.O. higher education bonds will be redeemed on June 1, 2016:

• $15 million of 4.5% bonds due June 1, 2021;

• $15 million of 4.5% bonds due June 1, 2022; and

• $15 million of 5% bonds due June 1, 2025.

The following 2007A public improvement bonds will be redeemed on March 1, 2017:

• $23.15 million of 5% bonds due March 1, 2018;

• $23.25 million of 5% bonds due March 1, 2019;

• $25 million of 5% bonds due March 1, 2020;

• $23.25 million of 4.125% bonds due March 1, 2021;

• $23.25 million of 4.2% bonds due March 1, 2022;

• $25 million of 4.25% bonds due March 1, 2023; and

• $25 million of 4.3% bonds due March 1, 2024.

U.S. Bank NA is the escrow agent.

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