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Published on 8/11/2014 in the Prospect News Liability Management Daily and Prospect News Municipals Daily.

Lower Colorado River partially defeases five series of revenue bonds

By Tali Rackner

Norfolk, Va., Aug. 11 – The Lower Colorado River Authority defeased its series 2008A, 2009, 2010A, 2012A and 2012B revenue bonds, according to multiple notices.

The following were defeased:

• $865,000 of 2008A bonds due May 15, 2015 to 2016, 2018 to 2020, 2023, 2028, 2031 and 2037;

• $330,000 of 2009 bonds due May 15, 2015 to 2024, 2029, 2033 and 2039; and

• $70,000 of 2010A bonds due May 15, 2015 to 2028;

• $860,000 of 2012A bonds due May 15, 2015 to 2033 and 2036; and

• $2,185,000 of 2012B bonds due May 15, 2015 to 2033 and 2037.

The 2008A bonds will be redeemed on May 15, 2015 and 2018, the 2009 bonds will be redeemed at maturity or on May 15, 2019 and the 2010A bonds will be redeemed at maturity or on May 15, 2020. The 2012A and 2012B bonds will be redeemed at maturity or on May 15, 2022.

The Bank of New York Mellon Trust Co., NA is the paying agent and registrar.


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