Colorado State Penitentiary defeases $42.24 million of 2006B COPs

By Tali David

Minneapolis, July 24 - The Colorado State Penitentiary II Project defeased $42.24 million of its series 2006B certificates of participation, according to a notice.

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

• $7,645,000 of 5% bonds due March 1, 2017;

• $8,025,000 of 5% bonds due March 1, 2018;

• $8.43 million of 5% bonds due March 1, 2019;

• $8.85 million of 5% bonds due March 1, 2020; and

• $9.29 million of 5% bonds due March 1, 2021.

U.S. Bank NA is the trustee.

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