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Portland, Ore., defeases 2006A second-lien water system revenue bonds
By Marisa Wong
Madison, Wis., May 6 - City of Portland, Ore., defeased its 2006 series A second-lien water system revenue bonds on May 2, according to a notice.
The defeased bonds include the following:
• $2,005,000 of 5% bonds due Oct. 1, 2013;
• $2,105,000 of 5% bonds due Oct. 1, 2014;
• $2,215,000 of 5% bonds due Oct. 1, 2015;
• $2.32 million of 4.5% bonds due Oct. 1, 2016;
• $2.43 million of 4.5% bonds due Oct. 1, 2017;
• $2.54 million of 4.5% bonds due Oct. 1, 2018;
• $2.65 million of 4% bonds due Oct. 1, 2019;
• $2.76 million of 4.125% bonds due Oct. 1, 2020;
• $2,875,000 of 4.125% bonds due Oct. 1, 2021;
• $3 million of 4.25% bonds due Oct. 1, 2022;
• $3.13 million of 4.25% bonds due Oct. 1, 2023;
• $3.27 million of 4.375% bonds due Oct. 1, 2024;
• $3,415,000 of 4.375% bonds due Oct. 1, 2025;
• $3,565,000 of 4.25% bonds due Oct. 1, 2026;
• $3,725,000 of 4.5% bonds due Oct. 1, 2027;
• $3,895,000 of 4.5% bonds due Oct. 1, 2028;
• $4.07 million of 4.25% bonds due Oct. 1, 2029; and
• $8.7 million of 4.5% bonds due Oct. 1, 2031.
The bonds due 2017 through 2031 will be redeemed on Oct. 1, 2016.
U.S. Bank NA is the agent.
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