Illinois Municipal Electric defeases 2006, 2007A power supply bonds

By Tali Rackner

Norfolk, Va., May 4 – The Illinois Municipal Electric Agency defeased its series 2006 and 2007A power supply system revenue bonds, according to a notice.

The following 2006 bonds will be redeemed at par plus accrued interest on Feb. 1, 2016:

• $4,615,000 of bonds due Feb. 1, 2017;

• $4.37 million of bonds due Feb. 1, 2018;

• $4,595,000 of bonds due Feb. 1, 2019;

• $4.82 million of bonds due Feb. 1, 2020;

• $5,065,000 of bonds due Feb. 1, 2021;

• $5,295,000 of bonds due Feb. 1, 2022;

• $5,565,000 of bonds due Feb. 1, 2023;

• $5.8 million of bonds due Feb. 1, 2024;

• $6,085,000 of bonds due Feb. 1, 2025;

• $5.73 million of bonds due Feb. 1, 2026;

• $6.01 million of bonds due Feb. 1, 2027;

• $27,055,000 of bonds due Feb. 1, 2031; and

• $32,655,000 of bonds due Feb. 1, 2035.

The following 2007A bonds will be redeemed at par plus accrued interest on Feb. 1, 2017:

• $18,375,000 of bonds due Feb. 1, 2018;

• $19.34 million of bonds due Feb. 1, 2019;

• $20.36 million of bonds due Feb. 1, 2020;

• $21.42 million of bonds due Feb. 1, 2021;

• $22,545,000 of bonds due Feb. 1, 2022;

• $23,735,000 of bonds due Feb. 1, 2023;

• $24.98 million of bonds due Feb. 1, 2024;

• $26.29 million of bonds due Feb. 1, 2025;

• $27.67 million of bonds due Feb. 1, 2026;

• $29,125,000 of bonds due Feb. 1, 2027;

• $30,645,000 of bonds due Feb. 1, 2028;

• $32.26 million of bonds due Feb. 1, 2029;

• $194.4 million of bonds due Feb. 1, 2035; and

• $36.5 million of bonds due Feb. 1, 2035.

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

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