Port of Portland, Ore., defeases $53.37 million airport revenue bonds

By Melissa Kory

Cleveland, April 6 - The Port of Portland of Oregon said it defeased its $24.61 million of series 15B and $28.76 million of series 15D Portland International Airport refunding revenue bonds due on July 1 from 2012 through 2018.

The series 15B bonds have 5.375% and 5% coupons, and the series 15D bonds have 5.25% and 5.5% coupons.

The bonds will be redeemed on July 1 at 101 plus accrued interest.

Bank of New York Mellon is the agent.

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