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Published on 4/15/2013 in the Prospect News Liability Management Daily and Prospect News Municipals Daily.

Austin, Texas, calls $58.71 million of combined utility systems bonds

By Tali David

Minneapolis, April 15 - The City of Austin called $58.71 million of its series 1993 and 2003 combined utility systems revenue refunding bonds, according to multiple notices.

The authority will redeem $10.81 million of its 6% series 1993 bonds at par plus accrued interest on May 15.

The following 5.25% series 2003 bonds will be redeemed at par plus the applicable premium, also on May 15:

• $4.1 million of bonds due Nov. 15, 2013;

• $4.3 million of bonds due Nov. 15, 2014;

• $4.8 million of bonds due Nov. 15, 2016;

• $5 million of bonds due Nov. 15, 2017;

• $5.3 million of bonds due Nov. 15, 2018;

• $5.6 million of bonds due Nov. 15, 2019;

• $9.2 million of bonds due Nov. 15, 2021; and

• $9.6 million of bonds due Nov. 15, 2022.

The Bank of New York Mellon Trust Co., NA is the trustee agent.


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