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Texas Transportation defeases $865.06 million of state highway bonds
By Tali Rackner
Norfolk, Va., April 7 - The Texas Transportation Commission defeased $369.59 million of its series 2006 and $495,465,000 of its 2006-A state highway fund first-tier revenue bonds, according to a notice.
The following 2006 bonds will be redeemed on April 1, 2016:
• $29,385,000 of bonds due April 1, 2017;
• $30,855,000 of bonds due April 1, 2018;
• $32,395,000 of bonds due April 1, 2019;
• $34,015,000 of bonds due April 1, 2020;
• $35,715,000 of bonds due April 1, 2021;
• $37.5 million of bonds due April 1, 2022;
• $39.38 million of bonds due April 1, 2023;
• $41,345,000 of bonds due April 1, 2024;
• $43,415,000 of bonds due April 1, 2025; and
• $45,585,000 of bonds due April 1, 2026.
The following 2006-A bonds will be redeemed on April 1, 2016:
• $48,255,000 of bonds due April 1, 2017;
• $50,665,000 of bonds due April 1, 2018;
• $53.2 million of bonds due April 1, 2019;
• $55.85 million of bonds due April 1, 2020;
• $58,655,000 of bonds due April 1, 2021;
• $61,585,000 of bonds due April 1, 2022;
• $64.66 million of bonds due April 1, 2023;
• $67.89 million of bonds due April 1, 2024;
• $15.37 million of bonds due April 1, 2025; and
• $19,335,000 of bonds due April 1, 2025.
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