Virginia Resource defeases $108.77 million of 2007 clean water bonds

By Tali David

Minneapolis, June 20 - Virginia Resource Authority defeased $108,765,000 of its subordinate series 2007 clean water state revolving fund revenue bonds, according to a notice.

The following will be redeemed at par plus accrued interest on Oct. 1, 2017:

• $1,825,000 of 4% bonds due Oct. 1, 2018;

• $10.79 million of 5% bonds due Oct. 1, 2018;

• $13.33 million of 5% bonds due Oct. 1, 2019;

• $13.74 million of 5% bonds due Oct. 1, 2020;

• $13,875,000 of 4.75% bonds due Oct. 1, 2021;

• $15,045,000 of 4.75% bonds due Oct. 1, 2022;

• $12.85 million of 4.75% bonds due Oct. 1, 2023;

• $13.38 million of 4.75% bonds due Oct. 1, 2024; and

• $13.93 million of 4.75% bonds due Oct. 1, 2025.

U.S. Bank NA is the escrow agent.

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