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Published on 4/18/2011 in the Prospect News Liability Management Daily and Prospect News Municipals Daily.

Lee County, Fla., calls $77.33 million water and sewer revenue bonds

By Melissa Kory

Cleveland, April 18 - Lee County, Fla., said it will redeem $77.325 million of its series 1999A water and sewer revenue bonds.

The bonds to be redeemed on May 18 at 100.5, plus accrued interest, include the following:

• $3.64 million of 4.55% bonds due Oct. 1, 2012;

• $3.805 million of 5% bonds due Oct. 1, 2013;

• $3.995 million of 5% bonds due Oct. 1, 2014;

• $4.195 million of 4.75% bonds due Oct. 1, 2015;

• $4.395 million of 4.75% bonds due Oct. 1, 2016;

• $14.485 million of 4.75% bonds due Oct. 1, 2019;

• $22.725 million of 4.75% bonds due Oct. 1, 2023;

• $6.37 million of 5% bonds due Oct. 1, 2024; and

• $13.715 million of 5% bonds due Oct. 1, 2029.

U.S. Bank, NA is the redemption agent.


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