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Phoenix Civic Improvement to refund junior-lien water system bonds
By Tali Rackner
Norfolk, Va., Dec. 23 – The City of Phoenix Civic Improvement Corp. plans to refund a portion of its $600 million series 2005 junior-lien water system revenue bonds, according to a notice.
The following will be redeemed at par plus accrued interest on July 1, 2015:
• $21.91 million of bonds due July 1, 2016;
• $21.77 million of bonds due July 1, 2017;
• $25,665,000 of bonds due July 1, 2018;
• $26,950,000 of bonds due July 1, 2019;
• $31,195,000 of bonds due July 1, 2020;
• $32,755,000 of bonds due July 1, 2021;
• $34.39 million of bonds due July 1, 2022;
• $36,025,000 of bonds due July 1, 2023;
• $37.83 million of bonds due July 1, 2024;
• $39.26 million of bonds due July 1, 2025;
• $41,505,000 of bonds due July 1, 2026;
• $43,475,000 of bonds due July 1, 2027; and
• $93.28 million of bonds due July 1, 2029.
U.S. Bank NA is the registrar and paying agent.
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