Mississippi defeases $414.67 million from five series of G.O. bonds

By Tali Rackner

Norfolk, Va., March 9 – The State of Mississippi defeased five series of its general obligation bonds totaling $414,665,000, according to a Rule 15c-12 filing with the Securities and Exchange Commission.

The state called $63.84 million of 2006D Community Heritage Preservation Grant G.O.s maturing Nov. 1, 2018 to 2020 and 2024 to 2026. The bonds will be redeemed at par on Nov. 1, 2017.

The state also defeased $128.91 million of series 2007B capital improvements G.O.s maturing on Feb. 1, 2018 to 2020 and 2024 to 2027. The bonds will be redeemed at par on Dec. 1, 2017.

In addition, the state will redeem $76.57 million of 2008A Community Heritage Preservation Grant G.O.s maturing Oct. 1, 2019 to 2028. The bonds will be redeemed at par on Oct. 1, 2018.

Mississippi defeased $25,345,000 of 2008B economic development fund and improvement G.O.s maturing Oct. 1, 2021 to 2023. The bonds will be redeemed at par on Oct. 1, 2018.

Finally the state plans to redeem $120 million of 2009E G.O.s maturing Oct. 1, 2032. The bonds will be redeemed at par on Oct. 1, 2019.

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