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Published on 6/25/2013 in the Prospect News Liability Management Daily and Prospect News Municipals Daily.

Philadelphia calls all $20.01 million of 1998 gas works revenue bonds

By Tali David

Minneapolis, June 25 - The City of Philadelphia called all $20,005,000 of its gas works revenue bonds, fourth series 1998 ordinance, according to a notice.

The following will be redeemed at par plus accrued interest on Aug. 1:

• $3,605,000 of 5.25% bonds due Aug. 1, 2016;

• $3.79 million of 5.25% bonds due Aug. 1, 2017;

• $3.99 million of 5.25% bonds due Aug. 1, 2018;

• $4.2 million of 5.25% bonds due Aug. 1, 2019; and

• $4.42 million of 5.25% bonds due Aug. 1, 2020.

U.S. Bank NA is the trustee or agent.


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