Raleigh, N.C., defeases some 2006A enterprise system revenue bonds

By Marisa Wong

Madison, Wis., May 17 - City of Raleigh, N.C., gave notice that it defeased a portion of its series 2006A combined enterprise system revenue bonds on May 16.

The refunded bonds include

• All $9,315,000 of 5% bonds due March 1, 2024;

• All $9.78 million of 5% bonds due March 1, 2025;

• All $10.27 million of 5% bonds due March 1, 2026;

• All $59,595,000 of 5% bonds due March 1, 2031; and

• $28,215,000 of 5% bonds due March 1, 2036, with $37,835,000 remaining outstanding.

The refunded bonds will be redeemed on March 1, 2016 at par plus accrued interest to the redemption date.

U.S. Bank NA is the agent.

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