Los Angeles Water & Power defeases $624.33 million 2003A power bonds

By Tali David

Minneapolis, April 5 - The Los Angeles Department of Water and Power defeased $624.33 million of its series 2003A power system revenue bonds, according to two notices.

The following subseries A-1 bonds will be redeemed on July 1:

• $41.29 million of 5% bonds due July 1, 2014;

• $41.35 million of 5% bonds due July 1, 2015; and

• $25.86 million of 5% bonds due July 1, 2016.

The following subseries A-2 bonds will also be redeemed on July 1:

• $15.58 million of 5% bonds due July 1, 2016;

• $41.56 million of 5% bonds due July 1, 2017;

• $41.65 million of 5% bonds due July 1, 2018;

• $41.77 million of 5% bonds due July 1, 2019;

• $39,705,000 of 5% bonds due July 1, 2020;

• $38.62 million of 5% bonds due July 1, 2021;

• $38.66 million of 5% bonds due July 1, 2022;

• $18.02 million of 4.75% bonds due July 1, 2023;

• $20 million of 5% bonds due July 1, 2023;

• $36.69 million of 4.75% bonds due July 1, 2024;

• $36.55 million of 4.75% bonds due July 1, 2025;

• $67,105,000 of 5% bonds due July 1, 2027;

• $78.03 million of 5% bonds due July 1, 2030; and

• $1.89 million of 4.5% bonds due July 1, 2031.

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