Sacramento defeases $150.57 million electric revenue refunding bonds

By Devika Patel

Knoxville, Tenn., Oct. 4 - The Sacramento Municipal Utility District said it defeased $15.945 million of its 2002 series Q electric revenue refunding bonds and$134.62 million of its 2003 series R electric revenue bonds. The city originally issued $137.83 million of the 2002 bonds and $481.275 million of the 2003 bonds.

The 2002 bonds will be redeemed at 101 plus interest on Aug. 12, 2012, and the 2003 bonds will be redeemed at 101 plus interest on Aug. 12, 2013.

Affected are the following 2002 bonds:

• $20,000 of bonds due Aug. 15, 2014;

• $20,000 of bonds due Aug. 15, 2015;

• $20,000 of bonds due Aug. 15, 2016;

• $1.09 million of bonds due Aug. 15, 2017;

• $1.145 million of bonds due Aug. 15, 2018;

• $1.2 million of bonds due Aug. 15, 2019;

• $1.26 million of bonds due Aug. 15, 2020;

• $1.33 million of bonds due Aug. 15, 2021;

• $1.395 million of bonds due Aug. 15, 2022; and

• $8.465 million of bonds due Aug. 15, 2028.

Affected are the following 2003 bonds:

• $15.595 million of bonds due Aug. 15, 2016;

• $15.63 million of bonds due Aug. 15, 2017;

• $17.185 million of bonds due Aug. 15, 2018;

• $18.045 million of bonds due Aug. 15, 2019;

• $24.085 million of bonds due Aug. 15, 2020;

• $25.285 million of bonds due Aug. 15, 2021; and

• $18.795 million of bonds due Aug. 15, 2022.

U. S. Bank Corporate Trust Services (800 934-6802) is the trustee.

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