Phoenix Civic Improvement to redeem $123.2 million of bonds

By Ashley Montgomery

Kansas City, Kan., Nov. 23 - The city of Phoenix Civic Improvement Corp. said it would redeem $123.195 million of series 2001 junior-lien wastewater system revenue refunding bonds.

The bonds will be redeemed in full at par plus accrued interest to Dec. 22, the redemption date.

The following bonds are affected:

• $9.645 million of 5.375% bonds due July 1, 2012;

• $10.16 million of 5.375% bonds due July 1, 2013;

• $6.82 million of 5.375% bonds due July 1, 2014;

• $7.575 million of 5.375% bonds due July 1, 2016;

• $7.985 million of 5.375% bonds due July 1, 2017;

• $13.175 million of 5.25% bonds due July 1, 2018;

• $13.865 million of 5% bonds due July 1, 2019;

• $14.56 million of 5% bonds due July 1, 2020;

• $15.29 million of 5.125% bonds due July 1, 2021; and

• $37.985 million of 5% bonds due July 1, 2024.

U.S. Bank, NA is the trustee.

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