University of Texas to redeem $188.22 million of 2002B bonds in full

By Marisa Wong

Madison, Wis., Dec. 2 - The board of regents of the University of Texas said it will redeem all $188.215 million of its outstanding series 2002B permanent university fund bonds on Jan. 1.

The outstanding bonds include

• $5.36 million of 5.375% bonds due July 1, 2012;

• $5.65 million of 5.375% bonds due July 1, 2013;

• $11.865 million of 5.25% bonds due July 1, 2014;

• $12.485 million of 5.25% bonds due July 1, 2015;

• $13.14 million of 5.25% bonds due July 1, 2016;

• $13.83 million of 5.25% bonds due July 1, 2017;

• $14.555 million of 5.25% bonds due July 1, 2018;

• $25.785 million of 5.25% bonds due July 1, 2019;

• $27.135 million of 5% bonds due July 1, 2020;

• $28.495 million of 5% bonds due July 1, 2021; and

• $29.915 million of 5% bonds due July 1, 2022.

The bonds will be redeemed at par.

The board of regents is the governing body for the university system, which is based in Austin, Texas.

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