Los Angeles Water & Power defeases $53.12 million of 2004C water bonds

By Tali David

Minneapolis, June 5 - The Los Angeles Department of Water and Power defeased $53,115,000 of its 2004 series C water system revenue bonds, according to a notice.

The following bonds will be redeemed on July 1, 2014:

• $3.87 million of 4% bonds due July 1, 2016;

• $120,000 of 4.25% bonds due July 1, 2020;

• $250,000 of 4.5% bonds due July 1, 2021;

• $500,000 of 4.5% bonds due July 1, 2022;

• $650,000 of 4.75% bonds due July 1, 2024;

• $200,000 of 4.8% bonds due July 1, 2025;

• $7.71 million of 5% bonds due July 1, 2027;

• $15,605,000 of 5% bonds due July 1, 2029;

• $24.21 million of 5% bonds due July 1, 2034.

U.S. Bank NA is the escrow agent.

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