IPS Multi-School Building, Ind., defeases 2010A first mortgage bonds

By Tali Rackner

Norfolk, Va., July 16 – IPS Multi-School Building Corp. of Indiana defeased its taxable Build America series 2010A unlimited ad valorem tax first mortgage bonds, according to a notice.

The following will be redeemed at par plus accrued interest on Aug. 14:

• $5.52 million of 2.98% bonds due Jan. 15, 2015;

• $6.11 million of 3.13% bonds due July 15, 2015;

• $6.19 million of 3.49% bonds due Jan. 15, 2016;

• $6,375,000 of 3.69% bonds due July 15, 2016;

• $6,465,000 of 3.79% bonds due Jan. 15, 2017;

• $6.67 million of 3.89% bonds due July 15, 2017;

• $6.78 million of 4.17% bonds due Jan. 15, 2018;

• $7,005,000 of 4.27% bonds due July 15, 2018;

• $7,125,000 of 4.32% bonds due Jan. 15, 2019; and

• $1,355,000 of 4.42% bonds due July 15, 2019.

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

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