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Published on 11/3/2011 in the Prospect News Liability Management Daily and Prospect News Municipals Daily.

Minneapolis-St. Paul Metropolitan Airports defeases series 2003A bonds

By Marisa Wong

Madison, Wis., Nov. 3 - Minneapolis-St. Paul Metropolitan Airports Commission gave notice that it defeased its series 2003A subordinate airport revenue bonds.

The following bonds were defeased:

• $4.31 million of bonds due Jan. 1, 2016;

• $4.535 million of bonds due Jan. 1, 2017;

• $4.775 million of bonds due Jan. 1, 2018;

• $5.015 million of bonds due Jan. 1, 2019;

• $5.265 million of bonds due Jan. 1, 2020;

• $5.53 million of bonds due Jan. 1, 2021;

• $5.805 million of bonds due Jan. 1, 2022;

• $6.09 million of bonds due Jan. 1, 2023; and

• $13.11 million of bonds due Jan. 1, 2028.

The defeased bonds will be redeemed on Jan. 1, 2013.

Wells Fargo Bank, NA is the trustee.


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