North Clackamas School, Ore., defeases 2007A, B G.O. bonds

By Tali Rackner

Norfolk, Va., Dec. 22 – The North Clackamas School District No. 12, Ore., defeased its series 2007A and 2007B general obligation bonds, according to two notices.

The following 2007A current interest bonds will be redeemed at par plus accrued interest on June 15, 2017:

• $21,525,000 of 4.5% bonds due June 15, 2030; and

• $23,485,000 of 4.75% bonds due June 15, 2031.

The following 2007B convertible deferred interest bonds will be redeemed at par plus accrued interest on June 15, 2017:

• $6,185,000 of 5% bonds due June 15, 2019;

• $7.14 million of 5% bonds due June 15, 2020;

• $8,165,000 of 5% bonds due June 15, 2021;

• $9,235,000 of 5% bonds due June 15, 2022;

• $10.42 million of 5% bonds due June 15, 2023;

• $55.39 million of 5% bonds due June 15, 2027;

• $18.13 million of 5% bonds due June 15, 2028; and

• $19.25 million of 5% bonds due June 15, 2029.

U.S. Bank NA is the paying agent.

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