Pennsylvania to redeem $75.21 million revenue bonds on Dec. 1

By Tali David

Minneapolis, Nov. 1 - Pennsylvania Turnpike Commission announced that it is redeeming $72.605 million in total of the following revenue bonds, according to separate news releases.

• $16.355 million of its 5% turnpike revenue bonds, series R, of 2001 due Dec. 1, 2020;

• $9.995 million of its 5% turnpike revenue bonds, series R, of 2001 due Dec. 1, 2021;

• $25.225 million of its 5.125% turnpike revenue bonds, series R, of 2001 due Dec. 1, 2022;

• $18.97 million of its 5% turnpike revenue bonds, series R, of 2001 due Dec. 1, 2023; and

• $2.06 million of its turnpike multi-modal revenue refunding bunds, series A-1, of 2010 due Dec. 1, 2035.

The Pennsylvania Economic Development Financing Authority is also calling $2.6 million of its 5.125% Colver Project resource recovery revenue bonds, series 2005G, due Dec. 1, 2015.

The redemption date for all bonds is Dec. 1.

The series R bonds will be called at 101%, and the series A-1 2010 and 2005G bonds will be called at par.

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