Indiana Bond Bank defeases five series taxable school severance bonds

By Tali David

Minneapolis, June 20 - The Indiana Bond Bank defeased its series 4, 5A, 6A, 6B and 7A taxable school severance funding bonds, according to multiple notices.

The following series 4 bonds will be redeemed at par plus accrued interest on July 15:

• $1,645,000 of 4.27% bonds due July 15, 2013;

• $3,235,000 of 4.37% bonds due July 15, 2014;

• $3.18 million of 4.51% bonds due July 15, 2015;

• $3,345,000 of 4.64% bonds due July 15, 2016;

• $3.49 million of 4.75% bonds due July 15, 2017;

• $2,835,000 of 4.85% bonds due July 15, 2018;

• $3.03 million of 4.92% bonds due July 15, 2020; and

• $4,195,000 of 5.07% bonds due Jan. 15, 2024.

The following series 5A bonds will be redeemed at par plus accrued interest on Jan. 15, 2014:

• $7.04 million of 4.96% bonds due July 15, 2013;

• $7.21 million of 5.04% bonds due Jan. 15, 2014;

• $3,805,000 of 5.04% bonds due July 15, 2014;

• $7.88 million of 5.21% bonds due July 15, 2015;

• $7,865,000 of 5.36% bonds due July 15, 2016;

• $8.17 million of 5.41% bonds due July 15, 2017;

• $8.51 million of 5.51% bonds due July 15, 2018;

• $7,445,000 of 5.61% bonds due July 15, 2019; and

• $23.1 million of 5.82% bonds due Jan. 15, 2024.

The following series 6A bonds will be redeemed at par plus accrued interest on July 15, 2014:

• $5,705,000 of 5.44% bonds due July 15, 2013;

• $5.87 million of 5.49% bonds due Jan. 15, 2014;

• $6,005,000 of 5.49% bonds due July 15, 2014;

• $6.19 million of 5.64% bonds due Jan. 15, 2015;

• $3,595,000 of 5.64% bonds due July 15, 2015;

• $3,695,000 of 5.74% bonds due Jan. 15, 2016;

• $3.81 million of 5.74% bonds due July 15, 2016;

• $3.89 million of 5.87% bonds due Jan. 15, 2017;

• $3,685,000 of 5.87% bonds due July 15, 2017;

• $3.79 million of 5.97% bonds due Jan. 15, 2018;

• $3.9 million of 5.97% bonds due July 15, 2018;

• $4,025,000 of 6.07% bonds due Jan. 15, 2019;

• $4,035,000 of 6.07% bonds due July 15, 2019;

• $4.15 million of 6.12% bonds due Jan. 15, 2020;

• $3,625,000 of 6.12% bonds due July 15, 2020;

• $3,735,000 of 6.17% bonds due Jan. 15, 2021; and

• $18.76 million of 6.24% bonds due Jan. 15, 2025.

The following series 6B bonds will be redeemed at par plus accrued interest on July 15, 2014:

• $1.23 million of 5.79% bonds due July 15, 2014; and

• $9.23 million of 5.79% bonds due Jan. 15, 2025.

The following series 7A bonds will be redeemed at par plus accrued interest on July 15, 2014:

• $3.86 million of 4.71% bonds due July 15, 2013;

• $3,935,000 of 4.8% bonds due Jan. 15, 2014;

• $4,025,000 of 4.81% bonds due July 15, 2014;

• $4,145,000 of 4.92% bonds due Jan. 15, 2015;

• $3,305,000 of 4.92% bonds due July 15, 2015;

• $3.4 million of 5.07% bonds due Jan. 15, 2016;

• $3,495,000 of 5.07% bonds due July 15, 2016;

• $3.56 million of 5.17% bonds due Jan. 15, 2017;

• $2.94 million of 5.17% bonds due July 15, 2017;

• $3,025,000 of 5.27% bonds due Jan. 15, 2018; and

• $2.94 million of 5.27% bonds due July 15, 2018.

• $3,025,000 of 5.37% bonds due Jan. 15, 2019;

• $3.1 million of 5.37% bonds due July 15, 2019;

• $3.2 million of 5.47% bonds due Jan. 15, 2020;

• $10,335,000 of 5.56% bonds due Jan. 15, 2025; and

• $145,000 of 5.73% bonds due Jan. 15, 2030.

The Bank of New York Mellon Trust Co., NA is the escrow agent.

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