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Published on 6/15/2009 in the Prospect News Municipals Daily.

Pennsylvania Intergovernmental calls $326.87 million tax revenue bonds

By Susanna Moon

Chicago, June 15 - Pennsylvania Intergovernmental Cooperation Authority said it will redeem 12 series of bonds maturing on or after June 15, 2010.

The redemption date was slated for Monday.

The special tax revenue refunding bonds being called are $25.370 million of 5.25% bonds due June 15, 2010, $23.045 million of 5.25% bonds due June 15, 2011, $24.235 million of 5.25% bonds due June 15, 2012, $25.500 million of 5.25% bonds due June 15, 2013, $26.815 million of 5.25% bonds due June 15, 2014, $28.205 million of 5.25% bonds due June 15, 2015, $29.660 million of 5.25% bonds due June 15, 2016, $31.195 million of 5.25% bonds due June 15, 2017, $23.710 million of 5% bonds due June 15, 2018, $16.170 million of 4.75% bonds due June 15, 2019, $34.725 million of 5% bonds due June 15, 2021 and $38.235 million of 4.75% bonds due June 15, 2023.

The authority said it will pay par plus accrued interest.

U.S. Bank NA is the trustee.

The bonds were issued April 1, 1999.


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