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Published on 1/2/2013 in the Prospect News Liability Management Daily and Prospect News Municipals Daily.

Lubbock, Texas, calls $50.34 million of 2003 general obligation bonds

By Tali David

Minneapolis, Jan. 2 - The City of Lubbock, Texas called $50.34 million of its series 2003 general obligation bonds in full, according to a notice.

The following bonds will be redeemed at par plus accrued interest on Feb. 15:

• $3,905,000 of 5.5% bonds due Feb. 15, 2014;

• $4,125,000 of 5.5% bonds due Feb. 15, 2015;

• $4.36 million of 5.5% bonds due Feb. 15, 2016;

• $4,605,000 of 5.5% bonds due Feb. 15, 2017;

• $4,865,000 of 5.375% bonds due Feb. 15, 2018;

• $5,135,000 of 5.375% bonds due Feb. 15, 2019;

• $5,405,000 of 5% bonds due Feb. 15, 2020;

• $5,685,000 of 5% bonds due Feb. 15, 2021;

• $5,975,000 of 5% bonds due Feb. 15, 2022; and

• $6.28 million of 5% bonds due Feb. 15, 2023.

The Bank of New York Mellon Trust Co., NA is the trustee or agent.


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