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Prospect News home > News index > List of issuers A > Headlines for Arizona Water Infrastructure Finance Authority > News item
Published on 12/9/2014 in the Prospect News Liability Management Daily and Prospect News Municipals Daily.

Arizona Water Infrastructure defeases water quality revenue bonds

By Tali Rackner

Norfolk, Va., Dec. 9 – The Arizona Water Infrastructure Finance Authority defeased its series 2008A, 2009A and 2010A water quality revenue bonds, according to multiple notices.

The following 2008A bonds will be redeemed on Oct. 1, 2018:

• $16,395,000 of 5% bonds due Oct. 1, 2021;

• $20,265,000 of 5% bonds due Oct. 1, 2022;

• $21,275,000 of 5% bonds due Oct. 1, 2023;

• $22.34 million of 5% bonds due Oct. 1, 2024;

• $10.1 million of 5% bonds due Oct. 1, 2025;

• $10.5 million of 5% bonds due Oct. 1, 2026;

• $11 million of 5% bonds due Oct. 1, 2027; and

• $11.5 million of 5% bonds due Oct. 1, 2028.

The following 2009A bonds will be redeemed on Oct. 1, 2019:

• $7.34 million of 5% bonds due Oct. 1, 2020;

• $7.8 million of 5% bonds due Oct. 1, 2021;

• $6.25 million of 5% bonds due Oct. 1, 2022;

• $8.5 million of 5% bonds due Oct. 1, 2023;

• $8,925,000 of 5% bonds due Oct. 1, 2024;

• $9,375,000 of 5% bonds due Oct. 1, 2025;

• $12 million of 5% bonds due Oct. 1, 2026;

• $12.25 million of 5% bonds due Oct. 1, 2027;

• $11,055,000 of 5% bonds due Oct. 1, 2028; and

• $11.61 million of 5% bonds due Oct. 1, 2029.

The following 2010A bonds will be redeemed on Oct. 1, 2020:

• $3 million of 2.125% bonds due Oct. 1, 2015, to be redeemed at maturity;

• $3.5 million of 2.625% bonds due Oct. 1, 20188, to be redeemed at maturity;

• $4 million of 5% bonds due Oct. 1, 2021;

• $4.1 million of 5% bonds due Oct. 1, 2022;

• $4.2 million of 5% bonds due Oct. 1, 2023;

• $7.29 million of 5% bonds due Oct. 1, 2024;

• $12 million of 5% bonds due Oct. 1, 2025; and

• $75,175,000 of 5% bonds due Oct. 1, 2030.

The authority also defeased $20.53 million of 2006A bonds, $15 million of 2012A bonds and $22.9 million of 2012B bonds.

U.S. Bank NA is the escrow trustee.


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