Escambia County, Fla., defeases part of 2002 sales tax revenue bonds

By Marisa Wong

Madison, Wis., Oct. 26 - Escambia County, Fla., said it defeased $27.85 million of its outstanding series 2002 sales tax refunding revenue bonds on Oct. 21.

The defeased bonds will be redeemed on Oct. 1, 2012 at 101. They include the following:

• $920,000 of $2.12 million of outstanding 3.65% bonds due Oct. 1, 2013;

• $955,000 of $2.2 million of outstanding 5.25% bonds due Oct. 1, 2014;

• $1.005 million of $2.315 million of outstanding 5.25% bonds due Oct. 1, 2015;

• $1.055 million of $2.435 million of outstanding 5.25% bonds due Oct. 1, 2016;

• $1.11 million of $2.565 million of outstanding 5.25% bonds due Oct. 1, 2017;

• $1.17 million of $2.7 million of outstanding 5.25% bonds due Oct. 1, 2018;

• $1.23 million of $2.84 million of outstanding 5% bonds due Oct. 1, 2019;

• $1.295 million of $2.985 million of outstanding 5% bonds due Oct. 1, 2020;

• $1.355 million of $3.13 million of outstanding 5% bonds due Oct. 1, 2021;

• $360,000 of $830,000 of outstanding 4.625% bonds due Oct. 1, 2022;

• $1.065 million of $2.46 million of outstanding 5% bonds due Oct. 1, 2022; and

• $16.33 million of $48.375 million of outstanding 4.75% bonds due Oct. 1, 2033.

U.S. Bank NA is the agent and registrar.

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