Seattle, Wash., defeases water bonds dated 2003, 2005, 2006 and 2008

By Wendy Van Sickle

Columbus, Ohio, June 11 – The City of Seattle, Wash., has defeased several water system revenue refunding bonds issued in 2003, 2005, 2006 and 2008, according to four redemption notices.

The 5% bonds dated May 12, 2003 that will be redeemed on July 10 at par plus interest include:

• $2,035,000 of bonds due 2015;

• $2.16 million of bonds due 2016;

• $2.29 million of bonds due 2017;

• $2,425,000 of bonds due 2018;

• $2.6 million of bonds due 2019; and

• $2.77 million of bonds due 2020.

The defeased bonds dated Dec. 28, 2005 that will be redeemed on Sept. 1 at par plus interest include:

• $5,805,000 of 5% bonds due 2016;

• $6.09 million of 5% bonds due 2017;

• $6,385,000 of 5% bonds due 2018;

• $6,695,000 of 5% bonds due 2019;

• $7,025,000 of 5% bonds due 2020;

• $7.38 million of 5% bonds due 2021;

• $7,745,000 of 5% bonds due 2022;

• $8.13 million of 5% bonds due 2023;

• $8.54 million of 5% bonds due 2024;

• $8,955,000 of 5% bonds due 2025;

• $9,395,000 of 5% bonds due 2026; and

• $20.16 million of 4.625% bonds due 2029.

The defeased 5% bonds dated Oct. 23, 2006 that will be redeemed on Feb. 1, 2017 at par plus interest include:

• $2.73 million of bonds due 2018;

• $2.87 million of bonds due 2019;

• $3.02 million of bonds due 2020;

• $3,175,000 of bonds due 2021;

• $3,335,000 of bonds due 2022;

• $3,505,000 of bonds due 2023;

• $3,685,000 of bonds due 2024;

• $3,875,000 of bonds due 2025;

• $4,075,000 of bonds due 2026;

• $4,285,000 of bonds due 2027; and

• $4.5 million of bonds due 2028.

The defeased bonds dated Dec. 15, 2008 to be redeemed on Feb. 1, 2018 at par plus interest include:

• $7.01 million of 5% bonds due 2019;

• $7.37 million of 5% bonds due 2020;

• $7.75 million of 5% bonds due 2021;

• $8,145,000 of 5% bonds due 2022;

• $8.56 million of 5% bonds due 2023;

• $9,005,000 of 5% bonds due 2024;

• $9.46 million of 5% bonds due 2025;

• $6.84 million of 5% bonds due 2026;

• $7,195,000 of 5% bonds due 2027;

• $7,575,000 of 5% bonds due 2028;

• $7.95 million of 5% bonds due 2029;

• $31,785,000 of 5.25% bonds due 2033; and

• $31,135,000 of 5.25% bonds due 2038.

U.S. Bank, NA is the trustee.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.