Dallas defeases portions of six series of general obligation bonds

By Marisa Wong

Milwaukee, April 7 - The City of Dallas gave notice that it has defeased portions of six series of its general obligation and G.O. refunding and improvement bonds.

The city defeased a total of $23.81 million of its series 2001 G.O. bonds, a total of $39.82 million of its series 2004 G.O. bonds, a total of $18.39 million of its series 2005 G.O. bonds, a total of $13.08 million of its series 2007 G.O. bonds, a total of $39,505,000 of its series 2007A G.O. refunding and improvement bonds and a total of $22.09 million of its 2008 G.O. bonds.

The defeased 2001 bonds will be redeemed Feb. 15, 2011; the defeased 2004 bonds will be redeemed Feb. 15, 2013; the defeased 2005 bonds will be redeemed Feb. 15, 2014; the defeased 2007 bonds will be redeemed Feb. 15, 2017; the defeased 2007A bonds will be redeemed Feb. 15, 2017; and the defeased 2008 bonds will be redeemed Feb. 15, 2018. All bonds will be redeemed at par plus accrued interest up to the redemption date.

Affected are the following 2001 bonds:

• All $3,405,000 of bonds due Feb. 15, 2012;

• All $3,405,000 of bonds due Feb. 15, 2013;

• All $3.4 million of bonds due Feb. 15, 2014;

• All $3.4 million of bonds due Feb. 15, 2017;

• All $3.4 million of bonds due Feb. 15, 2018;

• All $3.4 million of bonds due Feb. 15, 2019; and

• $3.4 million of $6.8 million bonds due Feb. 15, 2021.

Affected are the following 2004 bonds:

• $5.6 million of $8.56 million bonds due Feb. 15, 2011;

• All $8,555,000 of bonds due Feb. 15, 2017;

• All $8,555,000 of bonds due Feb. 15, 2018;

• All $8,555,000 of bonds due Feb. 15, 2019; and

• All $8,555,000 of bonds due Feb. 15, 2020.

All $9,465,000 of 2005 bonds due Feb. 15, 2018 and all $9,465,000 of 2005 bonds due Feb. 15, 2019 were defeased.

All $6.54 million of 2007 bonds due Feb. 15, 2018 and all $6.54 million of 2007 bonds due Feb. 15, 2019 were defeased.

Affected are the following 2007A bonds:

• $14,735,000 of $18.32 million bonds due Feb. 15, 2018;

• $12,385,000 of $15.4 million bonds due Feb. 15, 2019; and

• $12,385,000 of $15.4 million bonds due Feb. 15, 2020.

All $11,045,000 of 2008 bonds due Feb. 15, 2019 and all $11,045,000 of 2008 bonds due Feb. 15, 2020 were defeased.

U.S. Bank NA is the agent.

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