Pennsylvania to redeem $712.04 million bonds with G.O. bond proceeds

By Angela McDaniels

Tacoma, Wash., Sept. 14 - The Commonwealth of Pennsylvania will redeem $712.04 million of bonds using a portion of the proceeds from an issue of series 2009 general obligation refunding bonds that settled on Sept. 1, according to a notice from the commonwealth.

Pennsylvania will redeem:

• $9.805 million of first series of 2000 bonds due Jan. 15, 2011 on Jan. 15, 2010;

• $17.63 million of first series of 2001 bonds due Jan. 15, 2012 on Jan. 15, 2011;

• $15.05 million of second series of 2001 bonds due Sept. 15, 2012 on Sept. 15, 2011;

• $84.235 million of first series of 2003 bonds on Jan. 1, 2013. These bonds are due on Jan. 1 of 2014, 2016 and 2021;

• $19.19 million of second series of 2003 bonds on July 1, 2013. These bonds are due on July 1 of 2014 and 2015;

• $67.015 million of first series of 2005 bonds on Jan. 1, 2014. These bonds are due on July 1 of 2016, 2017, 2018, 2019, 2020 and 2021;

• $37.085 million of first series of 2004 bonds on Feb. 1, 2014. These bonds are due on Feb. 1 of 2015 and 2016;

• $69.7 million of fourth series of 2004 bonds on July 1, 2014. These bonds are due on July 1 of 2015, 2016, 2017, 2018, 2019 and 2020;

• $134.045 million of second series of 2005 bonds on Jan. 1, 2016. These bonds are due on Jan. 1 of 2018, 2019, 2020 and 2021;

• $38.615 million of first series of 2006 bonds on Oct. 1, 2016. These bonds are due on Oct. 1 of 2018 and 2019;

• $34.37 million of first series of 2008 bonds on May 15, 2018. These bonds are due on May 15 of 2020 and 2021;

• $74.915 million of second series of 2006 bonds on March 1, 2017. These bonds are due on March 1 of 2019 and 2020;

• $17.635 million of first series A of 2007 bonds due Nov. 1, 2019 on Nov. 1, 2017; and

• $92.75 million of second series A of 2007 bonds on Aug. 1, 2017. These bonds are due on Aug. 1 of 2019, 2020 and 2021.

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