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Published on 12/23/2011 in the Prospect News Liability Management Daily and Prospect News Municipals Daily.

City of Detroit calls all $57.1 million of its water supply bonds

By Tali David

Minneapolis, Dec. 23 - City of Detroit called all $57,095,000 of its series 1997A water supply system revenue senior-lien bonds, according to a press release.

The 5% bonds, which are due July 1, 2027, will be redeemed at par plus accrued interest on Jan. 23.

U.S. Bank NA is the trustee.


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