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Published on 2/20/2013 in the Prospect News Liability Management Daily and Prospect News Municipals Daily.

San Jose Unified School District defeases $77.22 million of G.O. bonds

By Tali David

Minneapolis, Feb. 20 - The San Jose Unified School District, County of Santa Clara, Calif., defeased $77,215,000 of its series 2005 general obligation bonds, election of 2002, series B, according to a notice.

The following bonds will be redeemed on Aug. 1, 2015:

• $1,835,000 of bonds due Aug. 1, 2016;

• $2.19 million of bonds due Aug. 1, 2017;

• $2,575,000 of bonds due Aug. 1, 2018;

• $2.99 million of bonds due Aug. 1, 2019;

• $3,465,000 of bonds due Aug. 1, 2020;

• $3,975,000 of bonds due Aug. 1, 2021;

• $4,535,000 of bonds due Aug. 1, 2022;

• $5.14 million of bonds due Aug. 1, 2023;

• $5,795,000 of bonds due Aug. 1, 2024;

• $6.5 million of bonds due Aug. 1, 2025;

• $7.26 million of bonds due Aug. 1, 2026; and

• $30,955,000 of bonds due Aug. 1, 2029.

U.S. Bank NA is the escrow agent.


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