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Published on 10/22/2015 in the Prospect News Liability Management Daily and Prospect News Municipals Daily.

Franklin County Convention, Ohio, defeases $56.6 million of bonds

By Wendy Van Sickle

Columbus, Ohio, Oct. 22 – The Franklin County Convention Facilities Authority of Ohio defeased $56.6 million of tax and lease revenue anticipation refunding bonds, series 2005, according to a notice.

The following bonds will be redeemed Dec. 1 at par plus accrued interest to and including the redemption date:

• $1,145,000 of 5% bonds due Dec. 1, 2016;

• $1,165,000 of 5% bonds due Dec. 1, 2017;

• $1.21 million of 4% bonds due Dec. 1, 2018;

• $1.31 million of 5% bonds due Dec. 1, 2019;

• $210,000 of 4% bonds due Dec. 1, 2020;

• $6,325,000 of 4.5% bonds due Dec. 1, 2021;

• $6.61 million of 4.5% bonds due Dec. 1, 2022;

• $6.91 million of 5% bonds due Dec. 1, 2023;

• $7,225,000 of 5% bonds due Dec. 1, 2024;

• $7,615,000 of 5% bonds due Dec. 1, 2025;

• $8 million of 5% bonds due Dec. 1, 2026; and

• $8,395,000 of 5% bonds due Dec. 1, 2027.

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


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