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Published on 1/28/2011 in the Prospect News Liability Management Daily and Prospect News Municipals Daily.

Houston calls all $274.64 million 2001A, B public improvement bonds

By Marisa Wong

Madison, Wis., Jan. 28 - The City of Houston said that it will redeem its $274.64 million of outstanding public improvement forward refunding bonds, series 2001A and 2001B, in full on March 1.

The bonds will be redeemed at par.

To be redeemed are the following 2001A bonds:

• $11.525 million of 5.375% bonds due March 1, 2012;

• $12.145 million of 5.375% bonds due March 1, 2013;

• $12.8 million of 5.375% bonds due March 1, 2014;

• $13.485 million of 5.375% bonds due March 1, 2015;

• $14.21 million of 5.375% bonds due March 1, 2016;

• $14.975 million of 5.375% bonds due March 1, 2017;

• $15.78 million of 5.375% bonds due March 1, 2018;

• $14.07 million of 5.375% bonds due March 1, 2019.

• $7.325 million of 5% bonds due March 1, 2020;

• $7.5 million of 5% bonds due March 1, 2020;

• $15.565 million of 5% bonds due March 1, 2021;

• $16.345 million of 5% bonds due March 1, 2022; and

• $17.165 million of 5% bonds due March 1, 2023.

To be redeemed are the following 2001B bonds:

• $12.34 million of 5.375% bonds due March 1, 2012;

• $13.005 million of 5.375% bonds due March 1, 2013;

• $13.705 million of 5.375% bonds due March 1, 2014;

• $14.44 million of 5.5% bonds due March 1, 2015;

• $15.235 million of 5.5% bonds due March 1, 2016;

• $16.07 million of 5.5% bonds due March 1, 2017; and

• $16.955 million of 5.5% bonds due March 1, 2018.


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