More results found.
No results match your search term, but we're constantly adding new issuers to the BondLink platform. Looking to learn more?
Concurrently with the sale and delivery of the Series 2020A Bonds, the Oklahoma Department of Transportation will use a portion of the proceeds thereof to currently refund all of the Authority’s Series 2010B Bonds, issued in the original aggregate principal amount of $92,075,000, all of which remains outstanding. The proceeds of the Series 2010B Bonds were used to provide funds for the construction, improvement, maintenance and repair of roads, highways and bridges which are part of the highway system of the State of Oklahoma (the “Highway System Improvements”), as well as to pay the costs related to the issuance of the Series 2010B Bonds. A portion of the proceeds of the Series 2020A Bonds will be used to purchase certain types of securitiesthat will be held in an irrevocable escrow account under the control of the State Treasurer of the State of Oklahoma. The Escrowed Securities will mature in such amounts and at such times as shall be sufficient, together with the interest to accrue thereon, to pay all of the principal of and interest on the Series 2010B Bonds on July 1, 2020, at a redemption price of 100% of the principal amount thereof.