District of Columbia Water defeases three series public utility bonds

By Tali Rackner

Norfolk, Va., Nov. 26 – The District of Columbia Water and Sewer Authority defeased three series of its public utility bonds, according to multiple notices.

The following series 2007A subordinate-lien revenue bonds were defeased:

• $103,135,000 of 5.5% bonds due 2041.

The following series 2008A subordinate-lien revenue refunding bonds were defeased:

• $7,315,000 of 5% bonds due 2020;

• $7.24 million of 5% bonds due 2021;

• $7.48 million of 5% bonds due 2022;

• $7,625,000 of 5% bonds due 2023;

• $14,275,000 of 5% bonds due 2025;

• $16,135,000 of 5% bonds due 2026;

• $19.74 million of 5% bonds due 2027; and

• $13.75 million of 5% bonds due 2028.

The following series 2009A senior-lien revenue bonds were defeased:

• $12,605,000 of 4.8% bonds due 2024;

• $16,385,000 of 5% bonds due 2024;

• $22,125,000 of 5.25% bonds due 2029;

• $7,195,000 of 5.4% bonds due 2030; and

• $70,525,000 of 6% bonds due 2035.

Wells Fargo Bank, NA is the escrow agent.

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