Rhode Island defeases $52.53 million of capital loan of 2005 bonds

By Wendy Van Sickle

Columbus, Ohio, July 29 – The State of Rhode Island and Providence Plantations defeased $52.52 million of consolidated capital development loan of 2005 5% general obligation refunding bonds, series A and D, according to two notices.

Of the defeased series A bonds, $11,405,000 of bonds will be redeemed at maturity on Aug. 1 at par plus accrued interest.

The following series A bonds will be redeemed early on Aug. 28 at par plus accrued interest:

• $13.72 million of bonds due 2016;

• $12.19 million of bonds due 2017; and

• $4,275,000 of bonds due 2018.

All $10.94 million of the series D bonds with a due date of July 15, 2016 will also be redeemed on Aug. 28 at par plus accrued interest.

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

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.