Pittsburgh defeases $47.8 million of series C of 2006 G.O. bonds

By Tali Rackner

Norfolk, Va., Dec. 2 – The City of Pittsburgh defeased $47,795,000 of its series C of 2006 general obligation bonds, according to a notice.

The following will be redeemed at par on Sept. 1, 2016:

• $10,000 of 4.25% bonds due Sept. 1, 2016;

• $11,905,000 of 5.25% bonds due Sept. 1, 2017; and

• $35.88 million of 5.25% bonds due Sept. 1, 2018.

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

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