Central Texas Regional Mobility defeases $171.43 million of 2005 bonds

By Tali David

Minneapolis, May 20 - Central Texas Regional Mobility Authority plans to defease $171.43 million of its series 2005 senior-lien revenue bonds, according to a notice.

The following will be redeemed at par plus accrued interest at their maturity:

• $3.1 million of 3.5% bonds due Jan. 1, 2014;

• $2.3 million of 4.2% bonds due Jan. 1, 2015;

• $4.53 million of 4.25% bonds due Jan. 1, 2016; and

• $4,005,000 of 4.35% bonds due Jan. 1, 2017.

The following will be redeemed at par plus accrued interest on Jan. 1, 2017:

• $3,575,000 of 4.45% bonds due Jan. 1, 2018;

• $3,225,000 of 4.5% bonds due Jan. 1, 2019;

• $2.93 million of 4.55% bonds due Jan. 1, 2020; and

• $3,445,000 of 4.6% bonds due Jan. 1, 2021.

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

• $3.26 million of 5% bonds due Jan. 1, 2022;

• $3,115,000 of 5% bonds due Jan. 1, 2023;

• $2,995,000 of 5% bonds due Jan. 1, 2024;

• $19.15 million of 4.5% bonds due Jan. 1, 2029;

• $30.58 million of 5% bonds due Jan. 1, 2035; and

• $85.22 million of 5% bonds due Jan. 1, 2045.

Regions Bank, NA is the escrow agent.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.