San Diego Facilities defeases $169.65 million of sewer revenue bonds

By Wendy Van Sickle

Columbus, Ohio, Sept. 24 – The City of San Diego Public Facilities Financing Authority defeased $169.65 million of senior sewer revenue refunding bonds, series 2009A and 2010A, according to two notices.

The following series 2009A 5% bonds will be redeemed May 15, 2019 at par plus accrued interest:

• $8,315,000 of bonds due May 15, 2022;

• $11.27 million of bonds due May 15, 2023;

• $11.83 million of bonds due May 15, 2024;

• $12,425,000 of bonds due May 15, 2025;

• $13.04 million of bonds due May 15, 2026; and

• $13,695,000 of bonds due May 15, 2027.

The following series 2010A 5.25% bonds will be redeemed May 15, 2020 at par plus accrued interest:

• $34.06 million of bonds due May 15, 2024;

• $35,845,000 of bonds due May 15, 2025; and

• $29.17 million of bonds due May 15, 2026.

U.S. Bank NA is the trustee.

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