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Prospect News home > News index > List of issuers T > Headlines for Tenders 2010 > News item
Published on 3/16/2010 in the Prospect News Municipals Daily.

Memphis defeases $471.56 million in electric system revenue bonds

By Devika Patel

Knoxville, Tenn., March 16 - Memphis, Tenn., said it has defeased all $471.56 million of its series 2003A electric system subordinate revenue bonds.

The city said it has deposited sufficient cash to pay off the bonds' principal and interest with Regions Bank, the trustee.


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