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Published on 12/31/2010 in the Prospect News Liability Management Daily and Prospect News Municipals Daily.

Wayne County, Mich., calls $76.34 million 2008C Detroit airport bonds

By Marisa Wong

Madison, Wis., Dec. 29 - The Wayne County Airport Authority of Michigan said it will redeem $76.335 million of its outstanding Detroit Metropolitan Wayne County Airport revenue bonds, series 2008C, on Feb. 1.

The variable-rate bonds will be redeemed at par plus accrued interest to the redemption date.

To be redeemed are the following bonds:

• $49.8 million of bonds due Dec. 1, 2021;

• $9.05 million of bonds due Dec. 1, 2024; and

• $17.485 million of bonds due Dec. 1, 2033.

U.S. Bank NA is the trustee.


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