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Published on 2/21/2013 in the Prospect News Liability Management Daily and Prospect News Municipals Daily.

Connecticut defeases 2003 and 2006 series A state revolving bonds

By Tali David

Minneapolis, Feb. 21 - The State of Connecticut defeased its 2003 series A and 2006 series A state revolving fund general revenue bonds, according to a redemption notice.

The following 2003 series A bonds were defeased:

• $1.99 million of 3% bonds due Oct. 1, 2014;

• $315,000 of 3.2% bonds due Oct. 1, 2015;

• $170,000 of 3.3% bonds due Oct. 1, 2016;

• $330,000 of 3.45% bonds due Oct. 1, 2017;

• $190,000 of 3.5% bonds due Oct. 1, 2018;

• $200,000 of 3.9% bonds due Oct. 1, 2020;

• $7.13 million of 4.5% bonds due Oct. 1, 2020;

• $220,000 of 4% bonds due Oct. 1, 2021;

• $7.41 million of 4.5% bonds due Oct. 1, 2021;

• $7.95 million of 4.5% bonds due Oct. 1, 2022;

• $910,000 of 4.15% bonds due Oct. 1, 2023;

• $6.98 million of 4.5% bonds due Oct. 1, 2023;

• $870,000 of 4.2% bonds due Oct. 1, 2024;

• $4.46 million of 4.5% bonds due Oct. 1, 2024; and

• $3,045,000 of 4.2% bonds due Oct. 1, 2025.

The following 2006 series A bonds were defeased:

• $7.64 million of 4.25% bonds due July 1, 2017;

• $7,675,000 of 4.25% bonds due July 1, 2018;

• $5.9 million of 5% bonds due July 1, 2021;

• $6,275,000 of 5% bonds due July 1, 2022;

• $7.48 million of 4.75% bonds due July 1, 2023;

• $8,665,000 of 4.75% bonds due July 1, 2025;

• $1,535,000 of 4.5% bonds due July 1, 2026; and

• $1.11 million of 4.5% bonds due July 1, 2027.

U.S. Bank NA is the escrow agent.


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