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Virginia Resources defeases $1.4 million Virginia Pooled Financing bonds
By Tali Rackner
Norfolk, Va., March 12 - The Virginia Resources Authority defeased $1.4 million of its subordinate series 2008B non-AMT infrastructure revenue bonds issued for the Virginia Pooled Financing Program, according to a notice.
The following will be redeemed at par plus accrued interest to their respective maturity dates:
• $50,000 of 3% bonds due Nov. 1, 2014;
• $50,000 of 4% bonds due Nov. 1, 2015;
• $50,000 of 5% bonds due Nov. 1, 2016;
• $55,000 of 5% bonds due Nov. 1, 2017; and
• $60,000 of 5% bonds due Nov. 1, 2018.
The following will be redeemed at par plus accrued interest on Nov. 1, 2018:
• $65,000 of 5% bonds due Nov. 1, 2019;
• $65,000 of 5% bonds due Nov. 1, 2020;
• $65,000 of 5% bonds due Nov. 1, 2021;
• $70,000 of 5% bonds due Nov. 1, 2022;
• $75,000 of 5% bonds due Nov. 1, 2023; and
• $795,000 of 5.25% bonds due Nov. 1, 2033.
U.S. Bank NA is the escrow agent.
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