North Carolina rescinds $25.1 million public improvement G.O. call

By Tali David

Minneapolis, March 6 - The State of North Carolina rescinded its call for $25.1 million of its series 2003B general obligation public improvement bonds, according to a notice.

The state was to redeem $12.55 million of 5% bonds due April 1, 2014, and $12.55 million of 5% bonds due April 1, 2015.

The bonds would have been redeemed at par plus the redemption premium and accrued interest on April 1.

U.S. Bank NA is the escrow agent.

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