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Prospect News home > News index > List of issuers Tenders > Headlines for 2014 > News item
Published on 10/6/2014 in the Prospect News Liability Management Daily and Prospect News Municipals Daily.

Virginia Resources Authority redeems, defeases clean water revenue bonds

By Tali Rackner

Norfolk, Va., Oct. 6 – The Virginia Resources Authority redeemed some of its series 2004A and defeased some of its 2007 and 2008 clean water state revolving fund revenue bonds, according to multiple notices.

The following 2004A bonds were redeemed at par plus accrued interest on Nov. 1:

• $9.03 million of 5% bonds due Oct. 1, 2020;

• $9.32 million of 5% bonds due Oct. 1, 2021;

• $9,625,000 of 5% bonds due Oct. 1, 2022;

• $9.94 million of 5% bonds due Oct. 1, 2023;

• $10.12 million of 5% bonds due Oct. 1, 2024;

• $9.07 million of 5% bonds due Oct. 1, 2025; and

• $4,985,000 of 5% bonds due Oct. 1, 2026.

The following 2007 bonds will be redeemed at par plus accrued interest on Oct. 1, 2017:

• $14,505,000 of 4.75% bonds due Oct. 1, 2026;

• $15.85 million of 4.75% bonds due Oct. 1, 2027;

• $22.22 million of 4.5% bonds due Oct. 1, 2029; and

• $105,000 of 4.4% bonds due Oct. 1, 2029.

The following 2008 bonds will be redeemed at par plus accrued interest on Oct. 1, 2018:

• $8,115,000 of 5% bonds due Oct. 1, 2019;

• $8.54 million of 5% bonds due Oct. 1, 2020;

• $8.99 million of 5% bonds due Oct. 1, 2021;

• $9.46 million of 5% bonds due Oct. 1, 2022;

• $8,435,000 of 5% bonds due Oct. 1, 2023;

• $1.52 million of 4.375% bonds due Oct. 1, 2023;

• $10,465,000 of 5% bonds due Oct. 1, 2024;

• $11,015,000 of 5% bonds due Oct. 1, 2025;

• $11.59 million of 5% bonds due Oct. 1, 2026;

• $12.19 million of 5% bonds due Oct. 1, 2027;

• $9.13 million of 5% bonds due Oct. 1, 2028;

• $3.7 million of 4.625% bonds due Oct. 1, 2028;

• $13,485,000 of 5% bonds due Oct. 1, 2029;

• $9,785,000 of 5% bonds due Oct. 1, 2030; and

• $1.54 million of 4.75% bonds due Oct. 1, 2031.

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


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