North Carolina Infrastructure Finance to refund six series of bonds

By Tali Rackner

Norfolk, Va., May 5 - The North Carolina Infrastructure Finance Corp. plans to refund various series of its bonds, according to multiple notices.

The following 2004 facilities project lease-purchase revenue bonds will be redeemed on Nov. 1:

• $650,000 of 3.625% bonds due Nov. 1, 2016;

• $500,000 of 3.75% bonds due Nov. 1, 2017;

• $2.32 million of 5% bonds due Nov. 1, 2023;

• $1.32 million of 5% bonds due Nov. 1, 2024;

• $500,000 of 4.25% bonds due Nov. 1, 2023; and

• $1.5 million of 4.3% bonds due Nov. 1, 2024.

The following 2004A correctional facilities project certificates of participation will be redeemed on June 4:

• $7,945,000 million of 4.5% bonds due Feb. 1, 2024.

The following 2005A capital improvements COPs will be redeemed on Feb. 1, 2015:

• $10 million of 5% bonds due Feb. 1, 2024; and

• $10 million of 5% bonds due Feb. 1, 2025.

The following 2006A capital improvements COPs will be redeemed on Feb. 1, 2017:

• $10 million of 5% bonds due Feb. 1, 2021;

• $10 million of 5% bonds due Feb. 1, 2022;

• $10 million of 5% bonds due Feb. 1, 2023;

• $10 million of 5% bonds due Feb. 1, 2024;

• $10 million of 5% bonds due Feb. 1, 2025; and

• $10 million of 5% bonds due Feb. 1, 2026.

The following 2007A capital improvements COPs will be redeemed on May 1, 2017:

• $2 million of 5% bonds due May 1, 2020;

• $10.94 million of 5% bonds due May 1, 2020;

• $11,595,000 of 5% bonds due May 1, 2022;

• $12,295,000 of 5% bonds due May 1, 2023;

• $13.03 million of 5% bonds due May 1, 2024;

• $13.81 million of 5% bonds due May 1, 2025; and

• $14.64 million of 5% bonds due May 1, 2026.

The following 2006A repair and renovation projects COPs will be redeemed on June 1, 2016:

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

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

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

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

• $5 million of 5% bonds due June 1, 2022;

• $5 million of 5% bonds due June 1, 2023;

• $5 million of 5% bonds due June 1, 2024;

• $5 million of 4.5% bonds due June 1, 2025; and

• $5 million of 4.5% bonds due June 1, 2026.

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