Los Angeles Water and Power defeases 2005 A power system revenue bonds

By Tali Rackner

Norfolk, Va., Aug. 6 – The Los Angeles Department of Water and Power defeased some of its 2005 series A-1 and 2005 series A-2 power system revenue bonds, according to a notice.

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

• $4.17 million of 4% bonds due July 1, 2016;

• $5.83 million of 5% bonds due July 1, 2016;

• $1.74 million of 4% bonds due July 1, 2017; and

• $15.26 million of 4% bonds due July 1, 2017.

The following 2005 A-2 bonds will be redeemed on July 1, 2015:

• $12,335,000 of 4.75% bonds due July 1, 2020;

• $13.53 million of 5% bonds due July 1, 2022;

• $20,605,000 of 5% bonds due July 1, 2023;

• $11,175,000 of 5% bonds due July 1, 2024;

• $20 million of 4.75% bonds due July 1, 2025;

• $24,475,000 of 5% bonds due July 1, 2025;

• $25 million of 5% bonds due July 1, 2026;

• $12.08 million of 4.75% bonds due July 1, 2026;

• $33.45 million of 4.75% bonds due July 1, 2027; and

• $24,945,000 of 5% bonds due July 1, 2029.

U.S. Bank NA is the escrow agent.

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