Florida Hurricane Catastrophe defeases $675.92 million revenue bonds

By Marisa Wong

Madison, Wis., July 11 – Florida’s State Board of Administration Finance Corp. (formerly Florida Hurricane Catastrophe Fund Finance Corp.) defeased $675.92 million of its series 2010A revenue bonds, according to a notice.

The issuer defeased the following:

• $15,775,000 of 3.5% bonds due July 1, 2015;

• $5,765,000 of 4% bonds due July 1, 2015;

• $320,915,000 of 5% bonds due July 1, 2015;

• $17.99 million of 3.75% bonds due July 1, 2016; and

• $315,475,000 of 5% bonds due July 1, 2016.

The defeased bonds are not subject to redemption prior to maturity, the notice said.

Wells Fargo Bank, NA is the agent.

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