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Published on 1/7/2013 in the Prospect News Liability Management Daily and Prospect News Municipals Daily.

Cypress-Fairbanks ISD, Texas, calls $86.53 million unlimited tax bonds

By Tali David

Minneapolis, Jan. 7 - Cypress-Fairbanks Independent School District, Texas, called $86.53 million of its series 2003 unlimited tax refunding and schoolhouse bonds in full, according to a notice.

The following bonds will be redeemed at par plus applicable premium on Feb. 15:

• $715,000 of 3.6% bonds due Feb. 15, 2015;

• $2.01 million of 5% bonds due Feb. 15, 2017;

• $2,265,000 of 5% bonds due Feb. 15, 2019;

• $3,175,000 of 5% bonds due Feb. 15, 2020;

• $4.53 million of 5% bonds due Feb. 15, 2021;

• $5,435,000 of 5% bonds due Feb. 15, 2022;

• $11,325,000 of 5% bonds due Feb. 15, 2023;

• $11,415,000 of 5% bonds due Feb. 15, 2024;

• $11,415,000 of 5% bonds due Feb. 15, 2025; and

• $34,245,000 of 5% bonds due Feb. 15, 2028.

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


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