Pennsylvania Turnpike defeases series 2008C-1, 2009B revenue bonds

By Tali Rackner

Norfolk, Va., Feb. 24 – The Pennsylvania Turnpike Commission defeased its series 2008C-1 and 2009B turnpike subordinate revenue bonds, according to two notices.

The following 2008C-1 bonds will be redeemed at par plus accrued interest on June 1, 2018:

• $28,875,000 of 6% bonds due June 1, 2023;

• $38,465,000 of 6% bonds due June 1, 2028; and

• $122,355,000 of 6.25% bonds due June 1, 2038.

The following 2009B bonds will be redeemed at par plus accrued interest on June 1, 2019:

• $24,205,000 of 5% bonds due June 1, 2020;

• $25,445,000 of 5% bonds due June 1, 2021; and

• $26,785,000 of 5.25% bonds due June 1, 2022.

Wells Fargo Bank, NA is the escrow agent.

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