Fort Worth defeases portion of 2005 water and sewer system bonds

By Marisa Wong

Madison, Wis., Jan. 2 - City of Fort Worth said it defeased a portion of its series 2005 water and sewer system revenue refunding and improvement bonds.

The defeased bonds will be redeemed at par plus accrued interest on Feb. 15.

The following bonds are affected:

• $2,325,000 of $12,465,000 outstanding 5% bonds due Feb. 15, 2015;

• $2,445,000 of $14,745,000 outstanding 5% bonds due Feb. 15, 2016;

• $2.57 million of $8.97 million outstanding 5% bonds due Feb. 15, 2017;

• $2.7 million of $4,345,000 outstanding 5% bonds due Feb. 15, 2018;

• $2.84 million of $4,575,000 outstanding 5% bonds due Feb. 15, 2019;

• $2,985,000 of $4.82 million outstanding 5% bonds due Feb. 15, 2020;

• All $3,135,000 outstanding 5% bonds due Feb. 15, 2021;

• All $3.3 million outstanding 5% bonds due Feb. 15, 2022;

• All $3,465,000 outstanding 5% bonds due Feb. 15, 2023;

• All $3,645,000 outstanding 5% bonds due Feb. 15, 2024; and

• All $3.82 million outstanding 4.5% bonds due Feb. 15, 2025.

BOKF, NA, doing business as Bank of Texas, is the agent.

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