Hawaii defeases $435.07 million from seven series of G.O. bonds

By Tali Rackner

Norfolk, Va., March 10 - The State of Hawaii defeased $435,065,000 of general obligation bonds form seven series, according to a notice.

The following series 2004DD bonds will be redeemed at par plus accrued interest on May 1:

• $610,000 of 4.4% bonds due May 1, 2019.

The following series 2004DE bonds, totaling $83.35 million, will be redeemed at par plus accrued interest on Oct. 1, 2014:

• $130,000 of 3.75% bonds due Oct. 1, 2017;

• $14.38 million of 5% bonds due Oct. 1, 2018;

• $320,000 of 3.8% bonds due Oct. 1, 2018;

• $11,705,000 of 5% bonds due Oct. 1, 2019;

• $1.49 million of 3.875% bonds due Oct. 1, 2019;

• $12,935,000 of 5% bonds due Oct. 1, 2020;

• $785,000 of 4% bonds due Oct. 1, 2020;

• $16,425,000 of 5% bonds due Oct. 1, 2021;

• $375,000 of 4% bonds due Oct. 1, 2021;

• $3,545,000 of 4.125% bonds due Oct. 1, 2022;

• $1.53 million of 4.2% bonds due Oct. 1, 2023;

• $12,565,000 of 5% bonds due Oct. 1, 2024; and

• $7,165,000 of 4.3% bonds due Oct. 1, 2024.

The following series 2005DF bonds, totaling $82.23 million, will be redeemed at par plus accrued interest on July 1, 2015:

• $25,000 of 3.8% bonds due July 1, 2017;

• $2,055,000 of 5% bonds due July 1, 2017;

• $25,000 of 3.8% bonds due July 1, 2018;

• $13.41 million of 5% bonds due July 1, 2018;

• $70,000 of 3.875% bonds due July 1, 2019;

• $10.58 million of 5% bonds due July 1, 2019;

• $11,445,000 of 5% bonds due July 1, 2020;

• $9,675,000 of 5% bonds due July 1, 2021;

• $125,000 of 4% bonds due July 1, 2022;

• $11,405,000 of 5% bonds due July 1, 2022;

• $5.55 million of 5% bonds due July 1, 2023; and

• $17,865,000 of 5% bonds due July 1, 2024.

The following series 2006DI bonds, totaling $183.09 million, will be redeemed at par plus accrued interest on March 1, 2016:

• $885,000 of 4% bonds due March 1, 2018;

• $19.05 million of 5% bonds due March 1, 2018;

• $235,000 of 4.125% bonds due March 1, 2019;

• $20.69 million of 5% bonds due March 1, 2019;

• $340,000 of 5.125% bonds due March 1, 2020;

• $21.63 million of 5% bonds due March 1, 2020;

• $22.96 million of 5% bonds due March 1, 2021;

• $24.08 million of 5% bonds due March 1, 2022;

• $25,425,000 of 5% bonds due March 1, 2023;

• $50,000 of 4.25% bonds due March 1, 2024;

• $26.65 million of 5% bonds due March 1, 2024; and

• $21,095,000 of 5% bonds due March 1, 2025.

The following series 2007DJ bonds, totaling $54,975,000, will be redeemed at par plus accrued interest on April 1, 2017:

• $18.97 million of 5% bonds due April 1, 2018;

• $2,305,000 of 5% bonds due April 1, 2019;

• $12.28 million of 5% bonds due April 1, 2023; and

• $21.42 million of 5% bonds due April 1, 2024.

The following series 2008DK bonds were defeased:

• $6.1 million of 5% bonds due May 1, 2018.

The following series 2009DQ bonds were defeased:

• $24.71 million of 5% bonds due June 1, 2018.

U.S. Bank NA is the escrow agent.

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