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Published on 5/31/2013 in the Prospect News Liability Management Daily and Prospect News Municipals Daily.

Los Angeles Water & Power calls 2003B power, water system bonds

By Tali David

Minneapolis, May 31- The Los Angeles Department of Water and Power announced redemption of its series 2003B power system revenue bonds (BRI # J85) and series 2003B water system revenue bonds, according to multiple notices.

The following power system bonds will be redeemed in full at par plus accrued interest on July 1:

• $4.43 million of 4.2% bonds due July 1, 2014;

• $1.1 million of 4.25% bonds due July 1, 2015;

• $3.56 million of 5.125% bonds due July 1, 2015;

• $4.91 million of 5.125% bonds due July 1, 2016;

• $5,175,000 of 5.125% bonds due July 1, 2017;

• $5,455,000 of 5.125% bonds due July 1, 2018;

• $5.57 million of 5.125% bonds due July 1, 2019;

• $6.06 million of 5.125% bonds due July 1, 2020;

• $12,155,000 of 5% bonds due July 1, 2021;

• $12,795,000 of 5% bonds due July 1, 2022;

• $13.47 million of 5% bonds due July 1, 2023;

• $14,175,000 of 5% bonds due July 1, 2024;

• $14.92 million of 5% bonds due July 1, 2025;

• $15.17 million of 5% bonds due July 1, 2026;

• $16,535,000 of 5% bonds due July 1, 2027;

• $17,405,000 of 5% bonds due July 1, 2028; and

• $23.26 million of 5% bonds due July 1, 2035.

The following water system revenue bonds will be redeemed at par plus accrued interest on July 1:

• $9.02 million of 4% bonds due July 1, 2014;

• $8,945,000 of 4% bonds due July 1, 2015;

• $8.87 million of 4% bonds due July 1, 2016;

• $8,155,000 of 4.25% bonds due July 1, 2017;

• $8,105,000 of 4.25% bonds due July 1, 2018;

• $5.77 million of 4.125% bonds due July 1, 2019;

• $5,715,000 of 4.25% bonds due July 1, 2020;

• $5,655,000 of 4.25% bonds due July 1, 2021;

• $4.89 million of 4.5% bonds due July 1, 2022;

• $4,155,000 of 4.5% bonds due July 1, 2023;

• $4.12 million of 4.625% bonds due July 1, 2024;

• $2,295,000 of 4.625% bonds due July 1, 2025; and

• $2.28 million of 4.625% bonds due July 1, 2026.

U.S. Bank NA is the trustee or agent.


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