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Published on 7/27/2015 in the Prospect News Liability Management Daily and Prospect News Municipals Daily.

Tampa, Fla., defeases water and sewer bonds, series 2005, 2006, 2007

By Wendy Van Sickle

Columbus, Ohio, July 27 – The City of Tampa, Fla., defeased $87,375,000 of water and sewer system refunding revenue bonds, series 2005, 2006 and 2007, according to a notice.

The following series 2005 bonds will be redeemed on Oct.1 at par plus accrued interest:

• $8.07 million of 5% bonds due 2016; and

• $9.07 million of 5% bonds due 2017.

The following series 2006 bonds will be redeemed on Oct.1, 2016 at par plus accrued interest:

• $905,000 of 4% bonds due 2017;

• $940,000 of 4.125% bonds due 2018;

• $980,000 of 4.25% bonds due 2019;

• $1.02 million of 5% bonds due 2020;

• $1,075,000 of 5% bonds due 2021;

• $1,125,000 of 5% bonds due 2022;

• $1,185,000 of 5% bonds due 2023;

• $1,245,000 of 5% bonds due 2024;

• $1,305,000 of 5% bonds due 2025;

• $1.37 million of 5% bonds due 2026;

• $1.44 million of 5% bonds due 2027;

• $1.51 million of 4.5% bonds due 2028;

• $1.58 million of 4.5% bonds due 2029;

• $1.65 million of 4.625% bonds due 2030;

• $3.53 million of 4.625% bonds due 2032; and

• $8.1 million of 4.625% bonds due 2036.

The following series 2007 bonds will be redeemed on Oct.1, 2017 at par plus accrued interest:

• $1.25 million of 5% bonds due 2018;

• $1.31 million of 5% bonds due 2019;

• $1,375,000 of 5% bonds due 2020;

• $1,445,000 of 5% bonds due 2021;

• $1,515,000 of 5% bonds due 2022;

• $1,595,000 of 5% bonds due 2023;

• $1,675,000 of 5% bonds due 2024;

• $1,755,000 of 5% bonds due 2025;

• $1,845,000 of 5% bonds due 2026;

• $1,935,000 of 5% bonds due 2027;

• $11,235,000 of 5% bonds due 2032; and

• $14.34 million of 5% bonds due 2037.

All the bonds have an Oct. 1 due date of their respective years.

U.S. Bank NA is the escrow agent.


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