California Independent System Operator defeases its 2009 series A revs

By Tali David

Minneapolis, Nov. 14 - The California Infrastructure and Economic Development Bank defeased its 2009 series A revenue bonds issued for the California Independent System Operator Corp. project, according to a notice.

The following were defeased:

• $3.98 million of 4% bonds due Feb. 1, 2016;

• $4.14 million of 4.25% bonds due Feb. 1, 2017;

• $4,315,000 of 5% bonds due Feb. 1, 2018;

• $4,535,000 of 5% bonds due Feb. 1, 2019;

• $1,565,000 of 5% bonds due Feb. 1, 2020;

• $3,195,000 of 5.25% bonds due Feb. 1, 2020;

• $5,005,000 of 5.25% bonds due Feb. 1, 2021;

• $1,625,000 of 5% bonds due Feb. 1, 2022;

• $3,645,000 of 5.25% bonds due Feb. 1, 2022;

• $3.99 million of 5% bonds due Feb. 1, 2023;

• $1.55 million of 5.125% bonds due Feb. 1, 2023;

• $1,485,000 of 5% bonds due Feb. 1, 2024;

• $4,335,000 of 5.25% bonds due Feb. 1, 2024;

• $10 million of 5.5% bonds due Feb. 1, 2030;

• $7.24 million of 5.625% bonds due Feb. 1, 2030;

• $25,255,000 of 6% bonds due Feb. 1, 2030;

• $9.5 million of 5.75% bonds due Feb. 1, 2039; and

• $90.12 million of 6.25% bonds due Feb. 1, 2039.

Deutsche Bank National Trust Co. is the escrow agent.

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