Arlington ISD, Texas, defeases $76.49 million of bonds via new issue

By Susanna Moon

Chicago, July 12 - Arlington Independent School District, Texas issued series 2013 unlimited tax refunding taxable bonds on June 26, which defeased several series of bonds.

The issuer defeased $20,545,000 of bonds issued on Sept. 15, 2004 and $55.94 million of bonds issued on March 1, 2005.

The following bonds will be redeemed at par prior to original maturity on Feb. 5, 2014:

• $5.8 million 3.75% bonds due Feb. 15, 2015;

• $6,025,000 5% bonds due Feb. 15, 2016;

• $1,575,000 5% bonds due Feb. 15, 2017;

• $1,655,000 5% bonds due Feb. 15, 2018;

• $1.74 million 5% bonds due Feb. 15, 2019;

• $1.83 million 5% bonds due Feb. 15, 2020; and

• $1.92 million 5% bonds due Feb. 15, 2021.

The following bonds will be redeemed at par prior to original maturity on Feb. 5, 2015:

• $14.85 million 5% bonds due Feb. 15, 2016;

• $15,665,000 5% bonds due Feb. 15, 2017;

• $16.51 million 5% bonds due Feb. 15, 2018;

• $3.03 million 5% bonds due Feb. 15, 2019;

• $875,000 4.25% bonds due Feb. 15, 2020;

• $910,000 4.3% bonds due Feb. 15, 2021;

• $955,000 4.375% bonds due Feb. 15, 2022;

• $995,000 4.4% bonds due Feb. 15, 2023;

• $1,045,000 5% bonds due Feb. 15, 2024; and

• $1,105,000 5% bonds due Feb. 15, 2025.

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