Massachusetts Port Authority defeases 2003-A, 2003-C and 2005-A bonds

By Tali Rackner

Norfolk, Va., July 17 – The Massachusetts Port Authority defeased some of its series 2003-A, 2003-C and 2005-A bonds, according to a notice.

The following 2003-A bonds will be redeemed at par on July 18:

• $1.19 million of 5% bonds due July 1, 2033.

The following 2003-C bonds will be redeemed at par on July 18:

• $5,895,000 of 5% bonds due July 1, 2015;

• $2.32 million of 5% bonds due July 1, 2016;

• $2,435,000 of 5% bonds due July 1, 2017; and

• $2,555,000 of 5% bonds due July 1, 2018.

The following 2005-A bonds will be redeemed at par on July 1, 2015:

• $220,000 of 3.75% bonds due July 1, 2016;

• $4,505,000 of 5% bonds due July 1, 2016;

• $90,000 of 3.75% bonds due July 1, 2017;

• $4,865,000 of 5% bonds due July 1, 2017;

• $5,205,000 of 5% bonds due July 1, 2018;

• $435,000 of 4% bonds due July 1, 2019;

• $5.03 million of 5% bonds due July 1, 2019;

• $720,000 of 4% bonds due July 1, 2020;

• $5,015,000 of 5% bonds due July 1, 2020;

• $6.01 million of 5% bonds due July 1, 2021;

• $6,315,000 of 5% bonds due July 1, 2022;

• $6.63 million of 5% bonds due July 1, 2023;

• $6.96 million of 5% bonds due July 1, 2024;

• $50,000 of 4.125% bonds due July 1, 2025;

• $7.26 million of 5% bonds due July 1, 2025;

• $7,675,000 of 5% bonds due July 1, 2026;

• $8,055,000 of 5% bonds due July 1, 2027;

• $8.46 million of 5% bonds due July 1, 2028; and

• $72,315,000 of 5% bonds due July 1, 2035.

U.S. Bank NA is the bond trustee.

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