Fort Worth defeases some water and sewer system revenue bonds

By Devika Patel

Knoxville, Tenn., July 13 - Fort Worth, Texas, said it defeased and will redeem all remaining $19.92 million of its $47.38 million in issued series 2000B water and sewer system revenue refunding & improvement bonds, $30.39 million of its $38 million in issued series 1999SRF water and sewer system revenue refunding & improvement bonds, $20.97 million of its $61.75 million in issued series 1999A water and sewer system revenue refunding & improvement bonds and $37.41 million of its $60.98 million in issued series 1998 water and sewer system revenue refunding & improvement bonds.

The bonds have coupons ranging from 4% to 5.75% and scheduled maturities ranging from Feb. 15, 2011 to March 1, 2020.

The bonds were all redeemed at par plus interest to June 28, the redemption date, with the exception of the 2000B bonds, which will be redeemed at par on Aug. 15.

Following this, there will be no bonds remaining outstanding.

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