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Prospect News home > News index > List of issuers T > Headlines for Tenders > News item
Published on 10/15/2013 in the Prospect News Liability Management Daily and Prospect News Municipals Daily.

Austin, Texas, announces defeasance of bonds from five series

By Tali David

Minneapolis, Oct. 15 - The City of Austin, Texas, defeased bonds from five different series, according to a Rule 15c2-12 filed with the Securities and Exchange Commission.

The following series 2003 public improvement and refunding bonds will be redeemed on Nov. 11:

• $3.67 million of 4% bonds due Sept. 1, 2014.

The following series 2003 certificates of obligation will be redeemed on Nov. 11:

• $220,000 of 4% bonds due Sept. 1, 2014.

The following series 2004 certificates of obligation will be redeemed on Sept. 9, 2014:

• $1,235,000 of 5% bonds due Sept. 1, 2015;

• $1,295,000 of 5% bonds due Sept. 1, 2016; and

• $1,875,000 of 4.625% bonds due Sept. 1, 2024.

The following series 2004 public improvement and refunding bonds will be redeemed on Sept. 9, 2014:

• $3.52 million of 4% bonds due Sept. 1, 2015;

• $3.69 million of 4% bonds due Sept. 1, 2016;

• $3,875,000 of 4.2% bonds due Sept. 1, 2017;

• $4.07 million of 4.3% bonds due Sept. 1, 2018;

• $4,275,000 of 4.4% bonds due Sept. 1, 2019;

• $4,495,000 of 4.45% bonds due Sept. 1, 2020;

• $4.73 million of 4.55% bonds due Sept. 1, 2021;

• $5,245,000 of 4.5% bonds due Sept. 1, 2023; and

• $5,535,000 of 4.5% bonds due Sept. 1, 2024.

• $3.67 million of 4% bonds due Sept. 1, 2014.

The following series 2005 public improvement refunding bonds will be redeemed on March 1, 2015:

• $14,695,000 of 5% bonds due Sept. 1, 2016;

• $15.49 million of 5% bonds due Sept. 1, 2017;

• $14,345,000 of 5% bonds due Sept. 1, 2018;

• $15,125,000 of 5% bonds due Sept. 1, 2019; and

• $6.82 million of 5% bonds due Sept. 1, 2020.

Wilmington Trust, NA is the escrow agent.


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