Florida Board of Education defeases 2005A, 2006A lottery revenue bonds

By Tali Rackner

Norfolk, Va., March 20 - The State of Florida Board of Education defeased its series 2005A and 2006A lottery revenue bonds, according to a notice.

The following 2005A bonds will be redeemed at 101 plus accrued interest on July 1, 2015:

• $10.71 million of 5% bonds due July 1, 2016;

• $11.25 million of 5% bonds due July 1, 2017;

• $11.81 million of 5% bonds due July 1, 2018;

• $12.4 million of 5% bonds due July 1, 2019;

• $13.02 million of 5% bonds due July 1, 2020;

• $13.67 million of 5% bonds due July 1, 2021;

• $14,355,000 of 5% bonds due July 1, 2022; and

• $15,075,000 of 4.375% bonds due July 1, 2023.

The following 2006A bonds will be redeemed at 101 plus accrued interest on July 1, 2015:

• $7,985,000 of 5% bonds due July 1, 2016;

• $8,385,000 of 5% bonds due July 1, 2017;

• $8,805,000 of 5% bonds due July 1, 2018;

• $9,245,000 of 5% bonds due July 1, 2019;

• $9,705,000 of 5% bonds due July 1, 2020;

• $10.19 million of 5% bonds due July 1, 2021;

• $10.7 million of 5% bonds due July 1, 2022;

• $11,235,000 of 5% bonds due July 1, 2023;

• $11.8 million of 5% bonds due July 1, 2024; and

• $12.39 million of 5% bonds due July 1, 2025.

U.S. Bank Trust, NA is the paying agent.

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