Virginia Port Authority defeases $65 million series 2009 revenue BANs

By Devika Patel

Knoxville, Tenn., May 6 - The Virginia Port Authority said it defeased $65 million in series 2009 subordinate port facilities revenue bond anticipation notes.

Deutsche Bank National Trust Co. is the trustee and escrow agent.

The Norfolk, Va.-based port authority is responsible for promoting commerce at the state's ports and for making improvements to the ports.

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