Virginia Port Authority calls all series 2002 port fund revenue bonds

By Marisa Wong

Madison, Wis., June 4 - Virginia Port Authority gave notice that it will redeem in full its outstanding series 2002 commonwealth port fund revenue bonds on July 2.

The bonds will be redeemed at 101 plus accrued interest to the redemption date.

The outstanding bonds include

• $3.7 million of 5% bonds due July 1, 2013;

• $1,085,000 of 4.3% bonds due July 1, 2013;

• $5,015,000 of 5.5% bonds due July 1, 2014;

• $5.29 million of 5.5% bonds due July 1, 2015;

• $5.58 million of 5.5% bonds due July 1, 2016;

• $5.89 million of 5.5% bonds due July 1, 2017;

• $6,215,000 of 5.5% bonds due July 1, 2018;

• $6,555,000 of 5% bonds due July 1, 2019;

• $6,885,000 of 5% bonds due July 1, 2020;

• $7,225,000 of 5% bonds due July 1, 2021;

• $7.59 million of 5.125% bonds due July 1, 2022;

• $16.36 million of 5.125% bonds due July 1, 2024; and

• $27.79 million of 5% bonds due July 1, 2027.

U.S. Bank NA is the agent.

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