Des Moines Metropolitan Wastewater defeases 2004B sewer revenue bonds

By Tali David

Minneapolis, Dec. 2 - The Des Moines Metropolitan Wastewater Reclamation Authority of Iowa defeased its series 2004B sewer revenue bonds, according to a notice.

The following will be redeemed at par plus accrued interest on June 1, 2014:

• $1.36 million of 5% bonds due June 1, 2015;

• $1.43 million of 5% bonds due June 1, 2016;

• $1.5 million of 5% bonds due June 1, 2017;

• $1.57 million of 5% bonds due June 1, 2018;

• $1,655,000 of 5% bonds due June 1, 2019;

• $2,075,000 of 5% bonds due June 1, 2020;

• $2,495,000 of 5% bonds due June 1, 2021;

• $2.6 million of 5% bonds due June 1, 2022;

• $2.74 million of 5% bonds due June 1, 2023;

• $2.88 million of 5% bonds due June 1, 2024;

• $3.02 million of 5% bonds due June 1, 2025;

• $3.16 million of 5% bonds due June 1, 2026;

• $3.3 million of 5% bonds due June 1, 2027;

• $3,445,000 of 5% bonds due June 1, 2028;

• $305,000 of 4.5% bonds due June 1, 2029;

• $3.3 million of 5% bonds due June 1, 2029; and

• $615,000 of 4.5% bonds due June 1, 2034.

The authority will also redeem $20 million of a 5% term bond due June 1, 2034.

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