Suffolk County Water, N.Y., defeases 2003, 2005 water system bonds

By Tali Rackner

Norfolk, Va., Oct. 27 – The Suffolk County Water Authority of New York defeased its series 2003 refunding and series 2005 water system revenue bonds, according to two Rule 15c2-12 filings with the Securities and Exchange Commission.

The following 2003 bonds will be redeemed at par plus accrued interest on Nov. 24:

• $2 million of bonds due June 1, 2016; and

• $5 million of bonds due June 1, 2017.

The following 2005 bonds will be redeemed at par plus accrued interest on June 1, 2015:

• $5.14 million of bonds due June 1, 2018;

• $4,825,000 of bonds due June 1, 2019;

• $5,125,000 of bonds due June 1, 2020;

• $1.44 million of bonds due June 1, 2021;

• $6,855,000 of bonds due June 1, 2022;

• $6 million of bonds due June 1, 2023;

• $8.57 million of bonds due June 1, 2024;

• $7.05 million of bonds due June 1, 2025;

• $8,375,000 of bonds due June 1, 2026; and

• $18,525,000 of bonds due June 1, 2027.

The Bank of New York Mellon is the escrow agent.

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