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Bellevue School District No. 405, Wash., defeases 2008 ULTGO bonds
By Tali Rackner
Norfolk, Va., April 9 – The Bellevue School District No. 405, Wash., defeased its series 2008 unlimited tax general obligation bonds, according to a notice.
The following will be redeemed at par plus accrued interest on June 1, 2018:
• $1 million of 4% bonds due June 1, 2018;
• $1 million of 4% bonds due June 1, 2019;
• $1 million of 4% bonds due June 1, 2020;
• $1 million of 4.25% bonds due June 1, 2021;
• $10.76 million of 5% bonds due June 1, 2022;
• $11.3 million of 5% bonds due June 1, 2023;
• $11,865,000 of 4.5% bonds due June 1, 2024;
• $12.46 million of 4.75% bonds due June 1, 2025;
• $13.08 million of 4.75% bonds due June 1, 2026; and
• $13,735,000 of 4.75% bonds due June 1, 2027.
U.S. Bank NA, Seattle, is the escrow agent.
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