Detroit to redeem water supply, sewage disposal system revenue bonds

By Tali Rackner

Norfolk, Va., Sept. 8 – The City of Detroit partially called its water supply system revenue senior-lien bonds and sewage disposal system senior-lien revenue and refunding bonds, according to multiple notices.

The following 2001A water supply bonds will be redeemed at par plus accrued interest on Oct. 6:

• $56.29 million of 5% bonds due July 1, 2030.

The following 2003A water supply bonds will be redeemed at par plus accrued interest on Oct. 6:

• $400,000 of 4.5% bonds due July 1, 2019;

• $210,000 of 4.7% bonds due July 1, 2021;

• $2.56 million of 4.75% bonds due July 1, 2022;

• $8.89 million of 5% bonds due July 1, 2025;

• $16,855,000 of 5% bonds due July 1, 2026;

• $4.09 million of 5% bonds due July 1, 2027; and

• $61.59 million of 5% bonds due July 1, 2034.

The following 2003C water supply bonds will be redeemed at par plus accrued interest on Oct. 6:

• $205,000 of 4.25% bonds due July 1, 2015;

• $800,000 of 5.25% bonds due July 1, 2016;

• $200,000 of 5.25% bonds due July 1, 2017;

• $2.03 million of 5.25% bonds due July 1, 2018;

• $1,405,000 of 5.25% bonds due July 1, 2020; and

• $4.64 million of 5% bonds due July 1, 2021.

The following 2003A sewage disposal bonds will be redeemed at par plus accrued interest on Oct. 6:

• $2.62 million of 5% bonds due July 1, 2015;

• $10,000 of 5% bonds due July 1, 2016;

• $160,000 of 3.7% bonds due July 1, 2016;

• $2.95 million of 5% bonds due July 1, 2017;

• $130,000 of 3.8% bonds due July 1, 2017;

• $90,000 of 5% bonds due July 1, 2018;

• $465,000 of 4% bonds due July 1, 2018;

• $115,000 of 4% bonds due July 1, 2019;

• $40,000 of 4% bonds due July 1, 2020;

• $4,465,000 of 5% bonds due July 1, 2021;

• $25,000 of 4.25% bonds due July 1, 2022;

• $4.89 million of 5% bonds due July 1, 2022;

• $680,000 of 4.3% bonds due July 1, 2023;

• $7,715,000 of 5% bonds due July 1, 2023;

• $15,655,000 of 5% bonds due July 1, 2024;

• $10,485,000 of 5% bonds due July 1, 2025;

• $7,785,000 of 5% bonds due July 1, 2026;

• $7,485,000 of 5% bonds due July 1, 2028; and

• $27.04 million of 5% bonds due July 1, 2032.

U.S. Bank NA is the trustee or agent.

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