Maine Turnpike defeases series 2005, 2007, 2009 turnpike revenue bonds

By Tali Rackner

Norfolk, Va., April 9 – The Maine Turnpike Authority defeased its series 2005, 2007 and 2009 turnpike revenue bonds, according to a notice.

The following 2005 bonds will be redeemed at par plus accrued interest on July 1, 2015:

• $150,000 of 4% bonds due July 1, 2016;

• $155,000 of 4% bonds due July 1, 2017;

• $160,000 of 4.125% bonds due July 1, 2018;

• $170,000 of 4.2% bonds due July 1, 2019;

• $175,000 of 4.25% bonds due July 1, 2020;

• $5,775,000 of 5% bonds due July 1, 2021;

• $6.26 million of 5% bonds due July 1, 2022;

• $6.58 million of 5% bonds due July 1, 2023;

• $6.91 million of 5% bonds due July 1, 2024;

• $7.25 million of 5% bonds due July 1, 2025;

• $7.61 million of 5% bonds due July 1, 2026;

• $7,995,000 of 5% bonds due July 1, 2027;

• $8.39 million of 5% bonds due July 1, 2028;

• $8.81 million of 5% bonds due July 1, 2029; and

• $9,095,000 of 5.125% bonds due July 1, 2030.

The following 2007 bonds will be redeemed at par plus accrued interest on July 1, 2017:

• $1,865,000 of 5.25% bonds due July 1, 2025;

• $1,965,000 of 5.25% bonds due July 1, 2026;

• $2,065,000 of 5.25% bonds due July 1, 2027;

• $12.08 million of 5.25% bonds due July 1, 2032; and

• $15.61 million of 5.25% bonds due July 1, 2037.

The following 2007 bonds will be redeemed at par plus accrued interest on July 1, 2019:

• $1.39 million of 4% bonds due July 1, 2020;

• $1,445,000 of 4.25% bonds due July 1, 2021;

• $1,505,000 of 4.375% bonds due July 1, 2022;

• $1.57 million of 5% bonds due July 1, 2023;

• $1.65 million of 5% bonds due July 1, 2024;

• $1.73 million of 5% bonds due July 1, 2025;

• $1.82 million of 5% bonds due July 1, 2026;

• $1.91 million of 5.125% bonds due July 1, 2027;

• $2,005,000 of 5.25% bonds due July 1, 2028;

• $2,115,000 of 5.375% bonds due July 1, 2029;

• $12,545,000 of 6% bonds due July 1, 2034; and

• $13.03 million of 6% bonds due July 1, 2038.

Bangor Savings Bank is the trustee.

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