Pennsylvania defeases seven series of general obligation bonds

By Tali Rackner

Norfolk, Va., June 16 – The Commonwealth of Pennsylvania defeased seven series of general obligation bonds, according to a notice.

The following second series of 2005 bonds will be redeemed on Jan. 1, 2016:

• $41.68 million of bonds due Jan. 1, 2024; and

• $45.95 million of bonds due Jan. 1, 2026.

The following first series of 2006 bonds will be redeemed on Oct. 1, 2016:

• $21,875,000 of bonds due Oct. 1, 2021;

• $22,995,000 of bonds due Oct. 1, 2022;

• $24,175,000 of bonds due Oct. 1, 2023;

• $25,415,000 of bonds due Oct. 1, 2024;

• $26,715,000 of bonds due Oct. 1, 2025; and

• $28,805,000 of bonds due Oct. 1, 2026.

The following second series of 2005 bonds will be redeemed on March 1, 2017:

• $44.42 million of bonds due March 1, 2023; and

• $46.64 million of bonds due March 1, 2024.

The following first series A of 2007 bonds will be redeemed on Nov. 1, 2017:

• $18.54 million of bonds due Nov. 1, 2020;

• $20.49 million of bonds due Nov. 1, 2022;

• $21.54 million of bonds due Nov. 1, 2023;

• $22,645,000 of bonds due Nov. 1, 2024; and

• $23,805,000 of bonds due Nov. 1, 2025.

The following second series A of 2007 bonds will be redeemed on Aug. 1, 2017:

• $34.14 million of bonds due Aug. 1, 2022;

• $35.89 million of bonds due Aug. 1, 2023;

• $37.73 million of bonds due Aug. 1, 2024; and

• $39,665,000 of bonds due Aug. 1, 2025.

The following second series B of 2007 bonds will be redeemed on Aug. 1, 2017:

• $1.41 million of bonds due Aug. 1, 2023; and

• $1.47 million of bonds due Aug. 1, 2024.

The following first series of 2008 bonds will be redeemed on May 15, 2018:

• $18,845,000 of bonds due May 1, 2022;

• $20.38 million of bonds due May 1, 2024; and

• $21.4 million of bonds due May 1, 2025.

The State Treasurer is the escrow agent.

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