Garland defeases some TMPA subordinate-lien revenue refunding bonds

By Devika Patel

Knoxville, Tenn., July 13 - Garland, Texas, said it defeased and redeemed $56.94 million of its $138.09 million in issued series 2003 TMPA subordinate-lien revenue refunding bonds, $77.34 million of its $163.86 million in issued series 2004 TMPA subordinate-lien revenue refunding bonds and $61.39 million of its $101.39 million in issued series 2004A TMPA subordinate-lien revenue refunding bonds.

The bonds have coupons ranging from 3.5% to 4.75% and scheduled maturities ranging from Sept. 1, 2010 to Sept. 1, 2014. They were redeemed on May 6.

Following this, there are $9.921 million of the 2003 bonds remaining, $13.47 million of the 2004 bonds remaining and $10.69 million of the 2004A bonds remaining.

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