North Carolina defeases some 2005A public improvement G.O. bonds

By Marisa Wong

Madison, Wis., Oct. 20 - The State of North Carolina said it defeased a portion of its $705.5 million general obligation public improvement bonds, series 2005A.

The refunded bonds will be redeemed on March 1, 2015 at par plus accrued interest up to the redemption date.

Affected are the following bonds:

• $23.545 million of 5% bonds due March 1, 2018;

• $23.545 million of 5% bonds due March 1, 2019;

• $50.86 million of 5% bonds due March 1, 2020;

• $73.35 million of 5% bonds due March 1, 2021; and

• $75.35 million of 5% bonds due March 1, 2022.

U.S. Bank NA is the agent.

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