University of Illinois calls $119.71 million series 2001A, 2001B COPs

By Marisa Wong

Madison, Wis., July 18 - The University of Illinois said it will redeem its outstanding series 2001A and 2001B certificates of participation, totaling $119.71 million, in full on Aug. 15.

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

The $68.5 million of outstanding series 2001A COPs include:

• $3.01 million of 5% bonds due Aug. 15, 2012;

• $3.17 million of 5.375% bonds due Aug. 15, 2013;

• $3.345 million of 5.375% bonds due Aug. 15, 2014;

• $3.53 million of 5.375% bonds due Aug. 15, 2015;

• $3.725 million of 5.5% bonds due Aug. 15, 2016;

• $9.285 million of 5.5% bonds due Aug. 15, 2017;

• $9.81 million of 5.5% bonds due Aug. 15, 2018;

• $10.335 million of 5% bonds due Aug. 15, 2019;

• $10.865 million of 5% bonds due Aug. 15, 2020; and

• $11.425 million of 5% bonds due Aug. 15, 2021.

The $51.21 million of outstanding 2001B COPs include:

• $3.09 million of 5.5% bonds due Aug. 15, 2012;

• $3.265 million of 5.5% bonds due Aug. 15, 2013;

• $3.45 million of 5.5% bonds due Aug. 15, 2014;

• $3.64 million of 5.5% bonds due Aug. 15, 2015;

• $3.85 million of 5.5% bonds due Aug. 15, 2016;

• $6.08 million of 5.5% bonds due Aug. 15, 2017;

• $6.425 million of 5.5% bonds due Aug. 15, 2018;

• $6.77 million of 5% bonds due Aug. 15, 2019; and

• $14.64 million of 5.25% bonds due Aug. 15, 2021.

The university has campuses in Urbana-Champaign, Ill., Chicago and Springfield, Ill.

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