Bucks County, Pa., defeases $53.52 million of 2004 taxable G.O. bonds

By Marisa Wong

Madison, Wis., June 7 - The County of Bucks, Pa., gave notice that it defeased $53,515,000 of its series 2004 federally taxable general obligation bonds.

The defeased bonds include

• $4,185,000 of 5.04% bonds due Dec. 15, 2015;

• $4,395,000 of 5.19% bonds due Dec. 15, 2016;

• $4,625,000 of 5.3% bonds due Dec. 15, 2017;

• $4.87 million of 5.38% bonds due Dec. 15, 2018;

• $5.13 million of 5.47% bonds due Dec. 15, 2019; and

• $30.31 million of 5.68% bonds due Dec. 15, 2024.

The refunded bonds will be redeemed on Dec. 15, 2014 at par plus accrued interest to the redemption date.

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

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