Montgomery County, Va., calls $50.89 million of Virginia Tech bonds

By Marisa Wong

Madison, Wis., Oct. 20 - Industrial Development Authority of Montgomery County, Va., said it will redeem $50.885 million of its outstanding series 2009B Virginia Tech Foundation revenue bonds due Feb. 1, 2039 on Nov. 17.

The bonds will be redeemed at par plus accrued interest to the redemption date. The bonds accrue interest at the weekly rate mode.

The Bank of New York Mellon Trust Co., NA is the trustee for the bonds.

The Virginia Tech Foundation supports the instructional, research and public service programs of the Blacksburg, Va.-based Virginia Polytechnic Institute and State University.

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