Nevada defeases $138.03 million of 2005, 2006 motor vehicle bonds

By Tali David

Minneapolis, April 30 - The State of Nevada defeased $138.03 million of its series 2005 and 2006 highway improvement revenue motor vehicle tax bonds, according to two notices.

The following 2005 bonds will be redeemed at par plus accrued interest on Dec. 1, 2015:

• $14.56 million of bonds due Dec. 1, 2016;

• $15,245,000 of bonds due Dec. 1, 2017;

• $15.91 million of bonds due Dec. 1, 2018;

• $16,615,000 of bonds due Dec. 1, 2019; and

• $17.36 million of bonds due Dec. 1, 2020.

The following 2006 bonds will be redeemed at par plus accrued interest on Dec. 1, 2016:

• $10.53 million of bonds due Dec. 1, 2019;

• $11.07 million of bonds due Dec. 1, 2020;

• $11.64 million of bonds due Dec. 1, 2021;

• $12,235,000 of bonds due Dec. 1, 2022; and

• $12,865,000 of bonds due Dec. 1, 2023.

U.S. Bank NA is the agent.

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