San Francisco Unified School District defeases $90.2 million of bonds

By Wendy Van Sickle

Columbus, Ohio, Oct. 21 – The San Francisco Unified School District defeased $90.2 million of Proposition A general obligation bonds, election of 2006 series 2007A, and election of 2003 series 2006C, according to two notices.

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

• $5.01 million of bonds due June 15, 2018;

• $5.26 million of bonds due June 15, 2019;

• $5.52 million of bonds due June 15, 2020;

• $5.8 million of bonds due June 15, 2021;

• $6.09 million of bonds due June 15, 2022; and

• $6.33 million of bonds due June 15, 2023.

The following series 2006C bonds will be redeemed June 15, 2016 at par plus accrued interest:

• $4.57 million of bonds due June 15, 2017;

• $4.8 million of bonds due June 15, 2018;

• $4,995,000 of bonds due June 15, 2019;

• $5,195,000 of bonds due June 15, 2020;

• $5,405,000 of bonds due June 15, 2021;

• $5,675,000 of bonds due June 15, 2022;

• $5.96 million of bonds due June 15, 2023;

• $6,215,000 of bonds due June 15, 2024;

• $6,525,000 of bonds due June 15, 2025; and

• $6.85 million of bonds due June 15, 2026.

U.S. Bank NA is the escrow agent.

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