Frisco, Texas, defeases $83.68 million of series 2005, 2006 bonds

By Tali David

Minneapolis, June 12 - The City of Frisco, Texas, defeased $83.68 million of its series 2005 and 2006 bonds, according to a Rule 15c2-12 filed with the Securities and Exchange Commission.

The following refunded series 2005 general obligation refunding and improvement bonds will be redeemed at par on Feb. 15, 2015:

• $3,415,000 of 5.25% bonds due Feb. 15, 2017;

• $3,165,000 of 5.25% bonds due Feb. 15, 2018;

• $2.72 million of 5.25% bonds due Feb. 15, 2019;

• $2,875,000 of 5.25% bonds due Feb. 15, 2020;

• $3,025,000 of 5.25% bonds due Feb. 15, 2021;

• $3,185,000 of 5.25% bonds due Feb. 15, 2022;

• $3.36 million of 5.25% bonds due Feb. 15, 2023;

• $3.54 million of 5.25% bonds due Feb. 15, 2024; and

• $3.73 million of 5.25% bonds due Feb. 15, 2025.

The following refunded series 2005 combination tax and revenue certificates of obligation will be redeemed at par on Feb. 15, 2015:

• $720,000 of 4.25% bonds due Feb. 15, 2018;

• $755,000 of 4.375% bonds due Feb. 15, 2019;

• $785,000 of 4.5% bonds due Feb. 15, 2020;

• $825,000 of 4.5% bonds due Feb. 15, 2021;

• $860,000 of 4.5% bonds due Feb. 15, 2022;

• $900,000 of 4.5% bonds due Feb. 15, 2023;

• $945,000 of 4.5% bonds due Feb. 15, 2024; and

• $985,000 of 4.5% bonds due Feb. 15, 2025.

The following refunded series 2005A combination tax and revenue certificates of obligation will be redeemed at par on June 27:

• $710,000 of 4% bonds due Feb. 15, 2015;

• $740,000 of 4% bonds due Feb. 15, 2016;

• $775,000 of 4% bonds due Feb. 15, 2017;

• $810,000 of 4% bonds due Feb. 15, 2018;

• $850,000 of 4.5% bonds due Feb. 15, 2019;

• $885,000 of 4.1% bonds due Feb. 15, 2020;

• $925,000 of 4.15% bonds due Feb. 15, 2021;

• $970,000 of 4.2% bonds due Feb. 15, 2022;

• $1,015,000 of 4.25% bonds due Feb. 15, 2023;

• $1.06 million of 4.25% bonds due Feb. 15, 2024; and

• $1.11 million of 4.25% bonds due Feb. 15, 2025.

The following refunded series 2006 G.O. bonds will be redeemed at par on Feb. 15, 2016:

• $2.77 million of 5% bonds due Feb. 15, 2020;

• $2.91 million of 5% bonds due Feb. 15, 2021;

• $3.06 million of 5% bonds due Feb. 15, 2022;

• $3.22 million of 5% bonds due Feb. 15, 2023;

• $3,385,000 of 5% bonds due Feb. 15, 2024;

• $3.56 million of 5% bonds due Feb. 15, 2025; and

• $3.74 million of 5% bonds due Feb. 15, 2026.

The following refunded series 2006 combination tax and revenue certificates of obligation will be redeemed at par on Feb. 15, 2016:

• $1.91 million of 5% bonds due Feb. 15, 2020;

• $1,995,000 of 5% bonds due Feb. 15, 2021;

• $2,095,000 of 5% bonds due Feb. 15, 2022;

• $2,185,000 of 5% bonds due Feb. 15, 2023;

• $2,295,000 of 5% bonds due Feb. 15, 2024; and

• $4,915,000 of 4.625% bonds due Feb. 15, 2026.

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