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Published on 10/14/2011 in the Prospect News Liability Management Daily and Prospect News Municipals Daily.

San Francisco Public Utilities defeases some water revenue bonds

By Marisa Wong

Madison, Wis., Oct. 14 - Public Utilities Commission of the City and County of San Francisco said it defeased a portion of its 2001 series A water revenue bonds, according to a news release.

The defeased bonds will be redeemed on Nov. 1 at par plus accrued interest to the redemption date.

The commission defeased $20.705 million of bonds due 2027 and $7.67 million of bonds due 2031. The non-refunded portion of the bonds totals $25.6 million, according to the release.

U.S. Bank, NA is the trustee.


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