Mission Consolidated ISD, Texas, defeases $73.79 million of bonds

By Marisa Wong

Madison, Wis., Jan. 2 – Mission Consolidated Independent School District of Texas defeased its series 2005 unlimited tax refunding bonds and series 2006 unlimited tax school building bonds, according to a notice.

The issuer defeased $28.28 million of the 2005 bonds and $45,505,000 of the 2006 bonds.

The refunded 2005 bonds will be redeemed on Feb. 17, 2015 at par, and the refunded 2006 bonds will be redeemed on Feb. 15, 2016 at par.

The issuer said it issued series 2014A unlimited tax refunding bonds to defease the outstanding 2005 and 2006 bonds.

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