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Published on 5/30/2013 in the Prospect News Liability Management Daily and Prospect News Municipals Daily.

Mansfield ISD, Texas, defeases $89.81 million 2005 unlimited tax bonds

By Tali David

Minneapolis, May 30 - The Mansfield Independent School District of Texas defeased $67.7 million of its series 2005 unlimited tax school building bonds and $22.11 million of series 2005 unlimited tax refunding bonds bonds, according to two notices.

The following unlimited tax school building bonds will be redeemed at par plus accrued interest on Feb. 15, 2015:

• $3.13 million of 5% bonds due Feb. 15, 2016;

• $3.38 million of 3.9% bonds due Feb. 15, 2017;

• $3.33 million of 4% bonds due Feb. 15, 2018;

• $3.11 million of 4% bonds due Feb. 15, 2019;

• $3.77 million of 4.125% bonds due Feb. 15, 2020;

• $4,025,000 of 4.15% bonds due Feb. 15, 2021;

• $4,325,000 of 4.2% bonds due Feb. 15, 2022;

• $4.23 million of 5% bonds due Feb. 15, 2023;

• $3.5 million of 5% bonds due Feb. 15, 2024;

• $4,195,000 of 5% bonds due Feb. 15, 2025;

• $4,975,000 of 5% bonds due Feb. 15, 2026;

• $5.63 million of 5% bonds due Feb. 15, 2027;

• $6.48 million of 5% bonds due Feb. 15, 2028;

• $6,755,000 of 5% bonds due Feb. 15, 2029; and

• $6,865,000 of 5% bonds due Feb. 15, 2030.

The following unlimited tax refunding bonds will be redeemed at par plus accrued interest on Feb. 15, 2015:

• $3,715,000 of 5% bonds due Feb. 15, 2016;

• $3,905,000 of 5% bonds due Feb. 15, 2017;

• $4,115,000 of 5% bonds due Feb. 15, 2018;

• $1.68 million of 5% bonds due Feb. 15, 2019;

• $1,275,000 of 5% bonds due Feb. 15, 2020;

• $1.34 million of 5% bonds due Feb. 15, 2021;

• $1.41 million of 5% bonds due Feb. 15, 2022;

• $1.48 million of 5% bonds due Feb. 15, 2023;

• $1,555,000 of 5% bonds due Feb. 15, 2024; and

• $1,635,000 of 5% bonds due Feb. 15, 2025.

U.S. Bank NA is the paying agent and registrar.


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