South Carolina calls $149.97 million state school facilities G.O.s

By Melissa Kory

Cleveland, Feb. 1 - The State of South Carolina announced that it will redeem $45.19 million of its $250 million of series 2000A and $104.78 million of its $250 million of series 2001A state school facilities general obligation bonds.

The 2000A bonds will be redeemed on March 2 at par, plus accrued interest to the redemption date. The 2001A bonds will be redeemed on March 2 at 101% plus accrued interest.

The redemption includes:

• $21.99 million of 4.5% series 2000A bonds due Jan. 1, 2014;

• $23.2 million of 4.25% series 2000A bonds due Jan. 1, 2015;

• $18,965,000 of 5% series 2001A bonds due Jan. 1, 2012;

• $19.89 million of 4.375% series 2001A bonds due Jan. 1, 2013;

• $20.89 million of 3.5% series 2001A bonds due Jan. 1, 2014;

• $21.95 million of 3.5% series 2001A bonds due Jan. 1, 2015; and

• $23,085,000 of 3.5% series 2001A bonds due Jan. 1, 2016.

Bank of New York Mellon is the redemption agent.

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