Spring Branch ISD, Texas, defeases $74.77 million of limited tax bonds

By Marisa Wong

Madison, Wis., Dec. 17 – Spring Branch Independent School District of Texas gave notice that it defeased all $41,075,000 of its series 2005 limited tax refunding bonds due 2016 through 2025 and $33,695,000 of its $121.31 million of outstanding series 2007 limited tax refunding bonds due 2018 through 2024 and 2026.

The refunded 2005 bonds will be redeemed on Feb. 1, 2015 at par, and the refunded 2007 bonds will be redeemed on Feb. 1, 2016 at par.

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

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