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Published on 6/18/2014 in the Prospect News Liability Management Daily and Prospect News Municipals Daily.

Collier County, Fla., defeases series 2005 gas tax revenue bonds

By Marisa Wong

Madison, Wis., June 18 – Collier County, Fla., defeased its outstanding series 2005 gas tax revenue bonds, according to a notice.

The following refunded bonds will be redeemed on June 1, 2015 at par plus accrued interest to the redemption date:

• $6.1 million of 5% bonds due June 1, 2016;

• $6.4 million of 5% bonds due June 1, 2017;

• $6,725,000 of 5% bonds due June 1, 2018;

• $7.06 million of 5% bonds due June 1, 2019;

• $7.41 million of 5% bonds due June 1, 2020;

• $7.78 million of 5% bonds due June 1, 2021;

• $8.17 million of 5% bonds due June 1, 2022;

• $8.58 million of 5% bonds due June 1, 2023;

• $13.32 million of 5% bonds due June 1, 2024; and

• $13,985,000 of 4.25% bonds due June 1, 2025.

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


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