Sacramento Financing defeases $139.18 million of solid waste bonds

By Wendy Van Sickle

Columbus, Ohio, Oct. 14 – The Sacramento City Financing Authority defeased $139.18 million of series 2005 Solid Waste, Redevelopment and Master Lease Program refunding revenue bonds, according to a notice.

The following bonds will be redeemed at par plus accrued interest at the earlier of maturity or on Dec. 1, 2016:

• $15.08 million of 5% bonds due Dec. 1, 2015;

• $15.83 million of 5% bonds due Dec. 1, 2016;

• $16.11 million of 5% bonds due Dec. 1, 2017;

• $13,375,000 of 4% bonds due Dec. 1, 2018;

• $13,935,000 of 5% bonds due Dec. 1, 2019;

• $13.67 million of 5% bonds due Dec. 1, 2020;

• $14,235,000 of 5% bonds due Dec. 1, 2021;

• $8,135,000 of 5% bonds due Dec. 1, 2023;

• $4.29 million of 4.25% bonds due Dec. 1, 2024;

• $9.13 million of 4.25% bonds due Dec. 1, 2026; and

• $15.39 million of 5% bonds due Dec. 1, 2029.

The Bank of New York Mellon Trust Co., NA is the trustee.

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