Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers T > Headlines for Tenders 2010 > News item |
Brazos Higher Education to redeem 11 series of student loan bonds
By Marisa Wong
Madison, Wis., Dec. 17 - Brazos Higher Education Authority, Inc. gave notice that it will redeem its student loan revenue bonds, senior series 2001A-6, 2003A-10, 2003B-2, 2005A-1, 2005A-2, 2005A-3, 2005A-4, 2006A-15, 2006A-14, 2007A-5 and 2007A-6, in full.
The variable-rate bonds will be redeemed at par plus accrued interest to the redemption date.
To be redeemed on Dec. 21 are $47.05 million of 2007A-5 taxable bonds due June 1, 2039 and $45.9 million of 2007A-6 taxable bonds due June 1, 2039.
To be redeemed on Jan. 5 are the following bonds:
• $79 million of 2001A-6 taxable bonds due July 1, 2036;
• $43.1 million of 2003B-2 taxable bonds due Dec. 1, 2039;
• $41.1 million of 2005A-1 tax-exempt bonds due Dec. 1, 2040;
• $80.1 million of 2005A-2 tax-exempt bonds due Dec. 1, 2040;
• $60 million of 2005A-3 tax-exempt bonds due Dec. 1, 2040;
• $30 million of 2005A-4 tax-exempt bonds due Dec. 1, 2040; and
• $91.55 million of 2006A-15 taxable bonds due Dec. 1, 2042.
To be redeemed on Jan. 6 are $39 million of 2003A-10 taxable bonds due July 1, 2039, and to be redeemed on Jan. 7 are $91.55 million of 2006A-14 taxable bonds due Dec. 1, 2042.
The authority said it plans to issue new notes to raise funds for the redemptions. The redemptions are conditioned upon the sale of the new notes.
Brazos Higher Education is a Waco, Texas-based non-profit corporation that specializes in student loans.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.