North Orange Community College, Calif., defeases $129.95 million bonds

By Tali David

Minneapolis, Feb. 20 - The North Orange County Community College District, Calif., plans to redeem $129,945,000 of its series 2005 general obligation refunding bonds, according to a notice.

The following 5% bonds will be redeemed at par on Aug. 1, 2015:

• $14 million of bonds due Aug. 1, 2016;

• $15.52 million of bonds due Aug. 1, 2017;

• $17.15 million of bonds due Aug. 1, 2018;

• $18,895,000 of bonds due Aug. 1, 2019;

• $20.76 million of bonds due Aug. 1, 2020;

• $14.32 million of bonds due Aug. 1, 2021;

• $15.73 million of bonds due Aug. 1, 2022; and

• $13.57 million of bonds due Aug. 1, 2023.

U.S. Bank NA is the escrow agent.

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