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Virginia Port Authority to redeem $38.09 million of revenue bonds
By Tali David
Minneapolis, Oct. 23 - The Virginia Port Authority plans to redeem $29.39 million of its series 2003 and $8.7 million of its series 2006 port facilities revenue bonds, according to two notices.
The following 2003 bonds will be redeemed at 101 plus accrued interest on Nov. 21:
• $1.36 million of bonds due July 1, 2014;
• $1.43 million of bonds due July 1, 2015;
• $1,505,000 of bonds due July 1, 2016;
• $1,585,000 of bonds due July 1, 2017;
• $1,665,000 of bonds due July 1, 2018;
• $1,755,000 of bonds due July 1, 2019;
• $1,845,000 of bonds due July 1, 2020;
• $6.09 million of bonds due July 1, 2023;
• $2.21 million of bonds due July 1, 2024;
• $5 million of bonds due July 1, 2028; and
• $4,945,000 of bonds due July 1, 2028.
The following 2006 bonds will be redeemed at par plus accrued interest on Nov. 21:
• $90,000 of bonds due July 1, 2014;
• $95,000 of bonds due July 1, 2015;
• $100,000 of bonds due July 1, 2016;
• $100,000 of bonds due July 1, 2017;
• $105,000 of bonds due July 1, 2018;
• $115,000 of bonds due July 1, 2019;
• $115,000 of bonds due July 1, 2020;
• $120,000 of bonds due July 1, 2021;
• $125,000 of bonds due July 1, 2022;
• $135,000 of bonds due July 1, 2023;
• $135,000 of bonds due July 1, 2024;
• $145,000 of bonds due July 1, 2025;
• $145,00 of bonds due July 1, 2026; and
• $7,175,000 of bonds due July 1, 2031.
U.S. Bank NA is the trustee and escrow agent.
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