Municipal bond issuers announce...

PRINCETON, N.J. --

March 24, 1993|By Bloomberg Business News

PRINCETON, N.J. -- Municipal bond issuers announce yesterday the early redemption of seven issues totaling more than $97 million.

The issues being called are:

* Fairbank North Star Boro, Alaska, Series 1983, general obligation bonds, maturing June 1, 1994, through June 1, 2000. $14.4 million called on June 1, 1993 at par plus a premium of one quarter of 1 percent between the redemption date and the maturity date.

* Milpitas Redevelopment Agency, Calif., Series 1982, single-family residential mortgage revenue bonds, maturing Oct. 1, 2015. All of the above outstanding bonds called at 100 percent of the accreted value on April 1, 1993.

* Lake Fenton Community Schools, Mich., Series 1984, school building and site bonds, maturing May 1, 1994, through May 1, 1998. All outstanding bonds called at 103 on May 1, 1993.

* Michigan State Hospital Finance Authority, Series 1983 D, hospital revenue bonds (Sisters of Mercy Health Corp.), maturing May 1, 1994, through May 1, 2001, and May 1, 2013. $15.435 million called at 102 on May 1, 1993.

* Southfield Economic Development Corp., Mich., Series 1986, Insured Build America bonds (Ten-Berg Limited Partnership Project), maturing Dec. 1, 2016. $5.35 million called at par on April 9, 1993.

* Flathead Municipal Airport Authority, Mont., Series 1985, airport refunding revenue bonds, maturing April 15, 1993, through April 15, 2003. $1.74 million called at par on April 15, 1993.

* Port Seattle, Wash., Series 1973, revenue bonds, maturing Nov. 1, 1993, through Nov. 1, 2001. $60 million called at par on May 1, 1993.

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