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Honolulu defeases series 2003A1, 2003B1 and 2008A wastewater bonds
By Wendy Van Sickle
Columbus, Ohio, Aug. 12 – The City and County of Honolulu defeased its junior series 2003A1, 2003B1 and 2008A wastewater system second bond resolution revenue bonds, according to a notice.
The defeased 2003A1 bonds have 5% coupons and include serial bonds maturing on July 1 from the years 2017 through 2026 and $11,535,000 of bonds due July 1, 2032. The 2003A1 bonds will be redeemed July 1, 2016 at par plus accrued interest.
The defeased 2003B1 bonds have 5% coupons and include serial bonds maturing on July 1 from the years 2017 through 2026 and $19,715,000 of bonds due July 1, 2032. The 2003B1 bonds will also be redeemed July 1, 2016 at par plus accrued interest.
The defeased 2008A bonds include serial bonds maturing on July 1 from the years 2019 through 2028 with coupons ranging from 4.125% to 5% and $28,675,000 of 5% bonds due July 1, 2032. The 2008A bonds will be redeemed July 1, 2018 at par plus accrued interest.
U.S. Bank NA is the escrow agent.
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