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Published on 8/7/2013 in the Prospect News Liability Management Daily and Prospect News Municipals Daily.

Mt. San Antonio, Calif., defeases $74.99 million of its G.O. bonds

By Tali David

Minneapolis, Aug. 7 - The Mt. San Antonio Community College District of the County of Los Angles, Calif., defeased $74,985,000 of its general obligation bonds, 2001 election, 2006 series C, according to a notice.

The following will be redeemed at par plus accrued interest on Sept. 1, 2016:

• $1.36 million of 4.25% bonds due Sept. 1, 2017;

• $3,785,000 of 5% bonds due Sept. 1, 2018;

• $3,975,000 of 5% bonds due Sept. 1, 2019;

• $4.17 million of 5% bonds due Sept. 1, 2020;

• $4.38 million of 5% bonds due Sept. 1, 2021;

• $4.6 million of 5% bonds due Sept. 1, 2022;

• $4.83 million of 4.75% bonds due Sept. 1, 2023;

• $5.06 million of 4.75% bonds due Sept. 1, 2024;

• $5,295,000 of 4.75% bonds due Sept. 1, 2025;

• $5.55 million of 4.75% bonds due Sept. 1, 2026;

• $5,815,000 of 4.75% bonds due Sept. 1, 2027;

• $6.09 million of 4.75% bonds due Sept. 1, 2028;

• $6.38 million of 4.75% bonds due Sept. 1, 2029; and

• $13,695,000 of 5% bonds due Sept. 1, 2031.

U.S. Bank, NA is the escrow agent.


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