Pennsylvania Turnpike calls $220.07 million of oil franchise tax bonds

By Marisa Wong

Madison, Wis., Nov. 1 - Pennsylvania Turnpike Commission gave notice that it will redeem portions of its 2003 series A oil franchise tax senior revenue bonds and 2003 series B oil franchise tax subordinated revenue bonds on Dec. 1.

The commission will redeem $78,045,000 of the 2003A bonds and $142,025,000 of the 2003B bonds at par plus accrued interest.

The called 2003A bonds have coupons of 5% and 5.25% and mature in the years 2014 through 2024, and the called 2003B bonds have coupons ranging from 4.125% to 5.5% and mature in the years 2014 through 2025, 2028 and 2031.

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