Port of Seattle, Wash., defeases $102.85 million of 2004 G.O. bonds

By Tali David

Minneapolis, March 26 - Port of Seattle, Wash., defeased $32.51 million of its series 2004A non-AMT and $70.34 million of its series 2004B AMT limited tax general obligation bonds, according to two notices.

The following 2004A bonds will be redeemed at par plus accrued interest on Nov. 1:

• $7.87 million of 5% bonds due Nov. 1, 2021;

• $12.02 million of 5% bonds due Nov. 1, 2022; and

• $12.62 million of 4.5% bonds due Nov. 1, 2023.

The following 2004B bonds will be redeemed at par plus accrued interest on Nov. 1:

• $8.17 million of 5% bonds due Nov. 1, 2014;

• $8.58 million of 5% bonds due Nov. 1, 2015;

• $9,005,000 of 5% bonds due Nov. 1, 2016;

• $9,455,000 of 5% bonds due Nov. 1, 2017;

• $9.93 million of 5% bonds due Nov. 1, 2018;

• $10,425,000 of 5% bonds due Nov. 1, 2019;

• $10,945,000 of 4.5% bonds due Nov. 1, 2020; and

• $3.83 million of 4.5% bonds due Nov. 1, 2021.

U.S. Bank NA is the escrow agent.

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