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Published on 6/1/2011 in the Prospect News Liability Management Daily and Prospect News Municipals Daily.

Clark County, Nev., Airport to redeem $217.11 million bonds at par

By Melissa Kory

Cleveland, June 1 - Clark County Nevada Airport System said it will redeem $217.105 million of its bonds on July 1 at par plus accrued interest to the redemption date.

The affected securities include:

• $32.2 million of its $66.6 million of variable-rate series 1993A refunding revenue bonds due July 1, 2012;

• $100,000 of its $71.55 million of variable-rate series 2008C3 AMT subordinate lien revenue bonds due July 1, 2029;

• $13.745 million of 5.25% series 2001B subordinate lien revenue bonds due July 1, 2019;

• $14.295 million of 5.25% series 2001B subordinate lien revenue bonds due July 1, 2020;

• $14.75 million of 5.125% series 2001B subordinate lien revenue bonds due July 1, 2021;

• $15.29 million of 5.125% series 2001B subordinate lien revenue bonds due July 1, 2022;

• $9.025 million of 5.2% series 2001B subordinate lien revenue bonds due July 1, 2023;

• $19.465 million of 5.125% series 2001B subordinate lien revenue bonds due July 1, 2025;

• $16.315 million of 5.2% series 2001B subordinate lien revenue bonds due July 1, 2031;

• $20 million of 5.25% series 2001B subordinate lien revenue bonds due July 1, 2031; and

• $61.92 million of 5.25% series 2001B subordinate lien revenue bonds due July 1, 2034.

Bank of New York Mellon is the redemption agent.


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