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Published on 8/15/2014 in the Prospect News Liability Management Daily and Prospect News Municipals Daily.

Los Angeles Unified School District partially refunds 2004F G.O. bonds

By Tali Rackner

Norfolk, Va., Aug. 15 – The Los Angeles Unified School District plans to partially redeem its election of 2004, series F (2006) general obligation bonds, according to a notice.

The following will be redeemed at par plus accrued interest on July 1, 2016:

• $12,115,000 of 5% bonds due July 1, 2017;

• $2.41 million of 5% bonds due July 1, 2018;

• $19.75 million of 5% bonds due July 1, 2019;

• $19,785,000 of 5% bonds due July 1, 2020;

• $3.15 million of 4.75% bonds due July 1, 2021;

• $13,575,000 of 5% bonds due July 1, 2021;

• $23.2 million of 5% bonds due July 1, 2022;

• $24.39 million of 5% bonds due July 1, 2023;

• $25.64 million of 5% bonds due July 1, 2024;

• $26,955,000 of 5% bonds due July 1, 2025;

• $19,245,000 of 4.75% bonds due July 1, 2027; and

• $126.62 million of 5% bonds due July 1, 2030.

U.S. Bank NA is the escrow agent and paying agent.


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