San Antonio defeases, calls 2002, 2002-A water system revenue bonds

By Marisa Wong

Madison, Wis., Oct. 7 - City of San Antonio gave notice that it defeased and will redeem $34.625 million of its outstanding series 2002 water system revenue refunding bonds and will redeem $80.455 million of its series 2002-A water system revenue bonds.

The following 2002 bonds were refunded:

• $510,000 of $4.445 million of outstanding 5.5% bonds due May 15, 2013;

• $540,000 of $4.67 million of outstanding 5.5% bonds due May 15, 2014;

• $565,000 of $4.905 million of outstanding 5.5% bonds due May 15, 2015;

• $595,000 of $5.145 million of outstanding 5.5% bonds due May 15, 2016;

• $1.17 million of $10.145 million of outstanding 5.5% bonds due May 15, 2017;

• $1.23 million of $10.665 million of outstanding 5.5% bonds due May 15, 2018;

• $865,000 of $7.49 million of outstanding 5.5% bonds due May 15, 2019;

• $2.005 million of $17.39 million of outstanding 5.5% bonds due May 15, 2020;

• $2.105 million of $18.26 million of outstanding 5% bonds due May 15, 2021;

• $2.45 million of $21.28 million of outstanding 5% bonds due May 15, 2022;

• $2.575 million of $22.35 million of outstanding 5.125% bonds due May 15, 2023;

• $5.545 million of $48.11 million of outstanding 5% bonds due May 15, 2025; and

• $14.47 million of $125.655 million of outstanding 5% bonds due May 15, 2028.

The city will redeem the following 2002-A bonds:

• $4 million of 5.5% bonds due May 15, 2013;

• $2.185 million of 5% bonds due May 15, 2019;

• $2.46 million of 5% bonds due May 15, 2020;

• $3.515 million of 5% bonds due May 15, 2021;

• $3.285 million of 5% bonds due May 15, 2022;

• $13.91 million of 5% bonds due May 15, 2025; and

• $51.1 million of 5% bonds due May 15, 2032.

Both series of bonds will be redeemed on May 15, 2012 at par plus accrued interest to the redemption date.

The Bank of New York Mellon is the agent.

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