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Corona, Calif., defeases $51.75 million of Clearwater, Recycled COPs
By Tali David
Minneapolis, July 25 - The City of Corona, Calif., defeased $51,745,000 of its series 2003 certificates of participation issued for the Clearwater Cogeneration Project and Recycled Water Project, according to a notice.
The following will be redeemed at par plus accrued interest on Sept. 1:
• $1,725,000 of 4% bonds due Sept. 1, 2013;
• $1,795,000 of 4% bonds due Sept. 1, 2014;
• $1,865,000 of 5% bonds due Sept. 1, 2015;
• $1.96 million of 5% bonds due Sept. 1, 2016;
• $2.06 million of 5% bonds due Sept. 1, 2017;
• $2.16 million of 5% bonds due Sept. 1, 2018;
• $2.27 million of 5% bonds due Sept. 1, 2019;
• $2.38 million of 5% bonds due Sept. 1, 2020;
• $2.5 million of 5% bonds due Sept. 1, 2021;
• $2,625,000 of 5% bonds due Sept. 1, 2022;
• $2.76 million of 5% bonds due Sept. 1, 2023;
• $15,995,000 of 5% bonds due Sept. 1, 2028; and
• $11.65 million of 5% bonds due Sept. 1, 2031.
The Bank of New York Mellon Trust Co., NA is the escrow bank.
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