Michigan authority to redeem portion of 2001 revenue bonds

By Devika Patel

Knoxville, Tenn., Sept. 12 - The Michigan State Building Authority said it will redeem some of its $419.73 million of issued series 1 2001 revenue refunding bonds, which were sold for the facilities program.

The bonds will be redeemed at par plus interest to Oct. 15, the redemption date.

Affected are the state's:

• $15.53 million of 5.5% bonds due Oct. 15, 2012;

• $16.38 million of 5.5% bonds due Oct. 15, 2013;

• $17.28 million of 5.5% bonds due Oct. 15, 2014;

• $18.23 million of 5.5% bonds due Oct. 15, 2015;

• $19.23 million of 5.5% bonds due Oct. 15, 2016;

• $20.29 million of 5.5% bonds due Oct. 15, 2017;

• $21.41 million of 5.5% bonds due Oct. 15, 2018;

• $22.58 million of 5.5% bonds due Oct. 15, 2019;

• $23.83 million of 5.125% bonds due Oct. 15, 2020;

• $25.05 million of 5.2% bonds due Oct. 15, 2021;

• $67.87 million of 5% bonds due Oct. 15, 2024;

• $7.87 million of 4.75% bonds due Oct. 15, 2025;

• $930,000 of 5.5% bonds due Oct. 15, 2012;

• $985,000 of 5.5% bonds due Oct. 15, 2013;

• $1.04 million of 5.5% bonds due Oct. 15, 2014;

• $1.1 million of 5.5% bonds due Oct. 15, 2015;

• $1.16 million of 5.5% bonds due Oct. 15, 2016;

• $1.22 million of 5.5% bonds due Oct. 15, 2017;

• $1.29 million of 5.5% bonds due Oct. 15, 2018;

• $1.36 million of 5.5% bonds due Oct. 15, 2019;

• $1.43 million of 5.125% bonds due Oct. 15, 2020;

• $1.51 million of 5.2% bonds due Oct. 15, 2021; and

• $3.25 million of 5% bonds due Oct. 15, 2024.

U.S. Bank NA (800 934-6802) is the trustee.

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