Port of Portland, Ore., defeases $56.46 million of airport bonds

By Angela McDaniels

Tacoma, Wash., June 29 - The Port of Portland in Oregon has defeased and will redeem $56.455 million of series 1999A passenger facility charge revenue bonds issued for Portland International Airport, according to an announcement from the port.

The defeasance applies to the 5.5% bonds due July 1, 2024.

The bonds will be redeemed at 101 on July 1.

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