Tucson Unified School District No. 1 defeases $47.6 million of bonds

By Tali David

Minneapolis, Dec. 22 - Tucson Unified School District No. 1 of Pima County, Ariz., defeased $21.68 million of its series 2004 refunding bonds and $25.92 million of its series A 2005 school improvement bonds, project 2004, according to a news release.

The district will redeem the following series 2004 bonds at par on July 1, 2012:

• $10,055,000 of its bonds due 2013; and

• $11,625,000 of its bonds due 2014.

The district will redeem the following series 2005 bonds at par on July 1, 2013:

• $2.37 million of its bonds due 2014;

• $2.45 million of its bonds due 2015;

• $2.54 million of its bonds due 2016;

• $2,755,000 of its bonds due 2018;

• $2.87 million of its bonds due 2019;

• $3 million of its bonds due 2020;

• $3.13 million of its bonds due 2021;

• $3.27 million of its bonds due 2023; and

• $3,535,000 of its bonds due 2024.

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