Pennsylvania Economic Development calls Reliant Energy Seward bonds

By Marisa Wong

Madison, Wis., May 2 - Pennsylvania Economic Development Financing Authority said it will redeem its $370.58 million of outstanding Reliant Energy Seward, LLC Project exempt facilities revenue bonds, series 2001A, 2002A and B, 2003A and 2004A, in full on June 1.

The bonds will be redeemed at 103 plus accrued interest to the redemption date.

To be redeemed are the following bonds:

• $102.18 million of 6.75% 2001A bonds due Dec. 1, 2036;

• $50.975 million of 6.75% 2002A bonds due Dec. 1, 2036;

• $52.725 million of 6.75% 2002B bonds due Dec. 1, 2036;

• $74.595 million of 6.75% 2003A bonds due Dec. 1, 2036; and

• $90.1 million of 6.75% 2004A bonds due Dec. 1, 2036.

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