Bond redemptions

September 12, 1992|By Bloomberg Business News

PRINCETON, N.J. -- Municipal bond issuers announced yesterday the early redemption of eight issues totaling more than $36.6 million.

The issues being called are:

* Orange County, Calif., Series 1985, single-family mortgage revenue bonds maturing April 1 and Oct. 1, 1993, through Oct. 1, 2000, and April 1, 2018, for the capital appreciation bonds, and Oct. 1, 2008, for the current interest bonds. The above outstanding current interest maturity will be called at par on Oct. 1, 1992. All outstanding capital appreciation bonds called at 100 percent of accreted value on Oct. 1, 1992.

* Rancho, Calif., Series 1981, water district bonds maturing Oct. 1, 1997, through Oct. 1, 2001. All of the above outstanding bonds called at a price of 0.5 percent of said principal amount for each year or fraction thereof between the maturity date and the redemption date not exceeding 3.5 percent on Oct. 1, 1992.

* Bryant, Ill., Series 1974, pollution control revenue bonds maturing April 1, 1994. All of the above outstanding bonds called at par on Oct. 1, 1992.

* Johnson County, Ky., Series 1982, economic development revenue bonds maturing July 1, 2008. All outstanding bonds called at 103 on Oct. 8, 1992.

* Kenner, La., Series 1980, consolidated sewer district bonds maturing March 1, 1993, through March 1, 2005. $2.5 million called at par on Sept. 15, 1992.

* Douglas County, Neb., Series 1986, sanitary and improvement district bonds maturing Dec. 1, 1993, through Dec. 1, 2001. All outstanding bonds called at par on Oct. 1, 1992.

* Washoe County Airport Authority, Nev., Series 1979, airport improvement revenue bonds maturing July 1, 1993, through July 1, 2006. $34.13 million called at a price of 0.25 of said principal amount for each year or fraction thereof between the maturity date and the redemption date not exceeding 2.5 percent on Oct. 8, 1992.

* Bucks County Community College Authority, Pa., Series 1984, college building revenue bonds maturing Dec. 15, 1992, through Dec. 15, 1996. All outstanding bonds called at par on Oct. 1, 1992.

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