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Published on 3/5/2015 in the Prospect News Liability Management Daily and Prospect News Municipals Daily.

Fairfax County, Va., calls various water, public improvement bonds

By Tali Rackner

Norfolk, Va., March 5 – Fairfax County, Va., plans to redeem various series of its bonds, according to multiple notices.

The following Fairfax County Water Authority series 2005A water refunding revenue bonds will be redeemed at par plus accrued interest on April 1:

• $5,935,000 of 5% bonds due April 1, 2016;

• $6.23 million of 5% bonds due April 1, 2017;

• $3,325,000 of 5% bonds due April 1, 2018;

• $3,785,000 of 5% bonds due April 1, 2019;

• $4,055,000 of 5% bonds due April 1, 2020;

• $3,845,000 of 5% bonds due April 1, 2021;

• $3.7 million of 5% bonds due April 1, 2022;

• $2,235,000 of 5% bonds due April 1, 2023;

• $2.34 million of 5% bonds due April 1, 2024;

• $2.46 million of 5% bonds due April 1, 2025; and

• $14,275,000 of 5% bonds due April 1, 2030.

The following Fairfax County series 2007A public improvement and refunding bonds will be redeemed at par plus accrued interest on April 1:

• $11.73 million of 4% bonds due April 1, 2016; and

• $11.73 million of 4.25% bonds due April 1, 2027.

The following Fairfax County 2013 escrow 2007A bonds will be redeemed at par plus accrued interest on April 1:

• $11.73 million of 4% bonds due April 1, 2017;

• $11.73 million of 4.5% bonds due April 1, 2025; and

• $11.73 million of 4.25% bonds due April 1, 2026.

U.S. Bank NA is the trustee for the 2005A bonds. The Bank of New York Mellon Trust Co., NA is the trustee for the 2007A bonds.


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