Texas Water Development calls $47.71 million senior-lien revenue bonds

By Marisa Wong

Madison, Wis., July 21 - The Texas Water Development Board State Revolving Fund said it will redeem a total of $47.71 million of its outstanding series 1999A and 1999B senior-lien revenue bonds on Aug. 20.

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

Affected are the following 1999A bonds:

• $3.38 million of 5.625% bonds due July 15, 2011;

• $3.44 million of 5.625% bonds due July 15, 2012; and

• $3.48 million of 5.5% bonds due July 15, 2021.

To be redeemed are the following 1999B bonds:

• $5.76 million of 5.75% bonds due July 15, 2013;

• $13.555 million of 5.75% bonds due July 15, 2014;

• $4.87 million of 5.7% bonds due July 15, 2018; and

• $13.225 million of 5.625% bonds due July 15, 2021.

Bank of New York Mellon Trust Co., NA is the agent.

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