Massachusetts Port Authority defeases portion of 1999B PFC bonds

By Marisa Wong

Madison, Wis., Aug. 13 - The Massachusetts Port Authority said it defeased a portion of its outstanding PFC revenue bonds, series 1999B.

The bonds will be redeemed on Sept. 16 at par plus accrued interest up to the redemption date.

To be redeemed are the following bonds:

• $13.89 million of 5.5% bonds due July 1, 2011;

• $160,000 of 5.1% bonds due July 1, 2011;

• $185,000 of 5.15% bonds due July 1, 2012;

• $14.635 million 5.5% bonds due July 1, 2012;

• $120,000 of 5.2% bonds due July 1, 2013;

• $15.515 million of 5.5% bonds due July 1, 2013;

• $515,000 of 5.25% bonds due July 1, 2014;

• $15.98 million of 5.5% bonds due July 1, 2014;

• $925,000 of 5.3% bonds due July 1, 2015; and

• $11.355 million of 5.5% bonds due July 1, 2015.

The Bank of New York Mellon is the trustee.

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