Winston-Salem, N.C., defeases $87.42 million water, sewer bonds

By Marisa Wong

Madison, Wis., Nov. 8 - The City of Winston-Salem, N.C., said it has defeased $87.415 million of its water and sewer system revenue and revenue refunding bonds, series 2005.

Defeased are the following bonds:

• $4.11 million of 5% bonds due June 1, 2011;

• $2.475 million of 5% bonds due June 1, 2012;

• $2.09 million of 3.2% bonds due June 1, 2012;

• $4.51 million of 5% bonds due June 1, 2013;

• $4.73 million of 5% bonds due June 1, 2014;

• $5.055 million of 5% bonds due June 1, 2015;

• $5.31 million of 5% bonds due June 1, 2016;

• $5.575 million of 5% bonds due June 1, 2017;

• $8.87 million of 5% bonds due June 1, 2018;

• $1.825 million of 5% bonds due June 1, 2019;

• $1.92 million of 5% bonds due June 1, 2020;

• $2.015 million of 5% bonds due June 1, 2021;

• $2.115 million of 4.125% bonds due June 1, 2022;

• $2.205 million of 5% bonds due June 1, 2022;

• $2.315 million of 5% bonds due June 1, 2024;

• $13.28 million of 4.5% bonds due June 1, 2029; and

• $13.045 million of 5% bonds due June 1, 2033.

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

The Bank of New York Mellon Trust Co., NA is the trustee.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.