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Published on 11/18/2014 in the Prospect News Liability Management Daily and Prospect News Municipals Daily.

San Mateo Union High School, Calif., defeases election of 2006 G.O.s

By Tali Rackner

Norfolk, Va., Nov. 18 – The San Mateo Union High School District of California defeased a portion of its election of 2006 general obligation bonds, series 2008A, according to a notice.

The following will be redeemed at 101 plus accrued interest on Sept. 1, 2017:

• $1,445,000 of 5% bonds due Sept. 1, 2019;

• $1.71 million of 5% bonds due Sept. 1, 2020;

• $2,005,000 of 4.25% bonds due Sept. 1, 2021;

• $2,305,000 of 4.125% bonds due Sept. 1, 2022;

• $2,625,000 of 4.25% bonds due Sept. 1, 2023;

• $2.97 million of 4.25% bonds due Sept. 1, 2024;

• $3,345,000 of 5% bonds due Sept. 1, 2025;

• $3,775,000 of 4.75% bonds due Sept. 1, 2026;

• $4,225,000 of 4.75% bonds due Sept. 1, 2027;

• $4.71 million of 4.75% bonds due Sept. 1, 2028;

• $5,235,000 of 5% bonds due Sept. 1, 2029;

• $5,805,000 of 4.5% bonds due Sept. 1, 2030; and

• $13.45 million of 5% bonds due Sept. 1, 2032.

The Bank of New York Mellon Trust Co., NA is the escrow agent.


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