Hawaii announces defeasance of six series of general obligation bonds

By Tali Rackner

Norfolk, Va., Dec. 15 – The State of Hawaii defeased six series of its general obligation bonds, according to a notice.

The following 2005DF bonds will be redeemed on July 1, 2015:

• $975,000 of 5% bonds due July 1, 2019;

• $3,405,000 of 5% bonds due July 1, 2020;

• $185,000 of 3.875% bonds due July 1, 2021;

• $5.75 million of 5% bonds due July 1, 2021;

• $270,000 of 4% bonds due July 1, 2024;

• $2.9 million of 4% bonds due July 1, 2025; and

• $16,145,000 of 5% bonds due July 1, 2025.

The following 2005DG bonds will be redeemed on July 1, 2015:

• $92.51 million of 5% bonds due July 1, 2016; and

• $97,255,000 of 5% bonds due July 1, 2017.

The following 2006DI bonds will be redeemed on March 1, 2016:

• $105,000 of 4.2% bonds due March 1, 2021;

• $135,000 of 4.25% bonds due March 1, 2022;

• $6.94 million of 5% bonds due March 1, 2025;

• $460,000 of 4.3% bonds due March 1, 2026; and

• $12.71 million of 5% bonds due March 1, 2026.

The following 2007DJ bonds will be redeemed on April 1, 2017:

• $5.91 million of 5% bonds due April 1, 2020;

• $21.46 million of 5% bonds due April 1, 2021;

• $20.21 million of 5% bonds due April 1, 2022;

• $11.93 million of 5% bonds due April 1, 2023;

• $4 million of 5% bonds due April 1, 2024;

• $23.04 million of 5% bonds due April 1, 2025; and

• $29,425,000 of 5% bonds due April 1, 2027.

The following 2008DK bonds will be redeemed on May 1, 2018:

• $5.98 million of 4.1% bonds due May 1, 2020;

• $10,905,000 of 5% bonds due May 1, 2020;

• $15.51 million of 5% bonds due May 1, 2023;

• $1.56 million of 4.375% bonds due May 1, 2024;

• $22,475,000 of 5% bonds due May 1, 2024; and

• $3.91 million of 5% bonds due May 1, 2027.

The following 2008DN bonds will be redeemed on Aug. 1, 2018:

• $800,000 of 5% bonds due Aug 1, 2023.

U.S. Bank NA is the escrow agent.

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