Austin, Texas, defeases 2007 certificates, public improvement bonds

By Tali Rackner

Norfolk, Va., Oct. 16 – The City of Austin, Texas, defeased its series 2007 certificates of obligation and series 2007 public improvement bonds, according to a notice.

The following certificates of obligation will be redeemed at par plus accrued interest on Sept. 1, 2017:

• $2,375,000 of 4.88% certificates due Sept. 1, 2027.

The following bonds will also be redeemed at par plus accrued interest on Sept. 1, 2017:

• $5.12 million of 4.64% bonds due Sept. 1, 2018;

• $5.38 million of 4.64% bonds due Sept. 1, 2019;

• $5,645,000 of 4.64% bonds due Sept. 1, 2020;

• $5.93 million of 4.64% bonds due Sept. 1, 2021;

• $6,225,000 of 4.64% bonds due Sept. 1, 2022;

• $6,535,000 of 4.64% bonds due Sept. 1, 2023;

• $6,865,000 of 4.64% bonds due Sept. 1, 2024;

• $7,205,000 of 4.64% bonds due Sept. 1, 2025;

• $7.57 million of 4.64% bonds due Sept. 1, 2026; and

• $31.47 million of 4.64% bonds due Sept. 1, 2027.

U.S. Bank NA is the escrow agent.

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