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Published on 6/23/2011 in the Prospect News Liability Management Daily and Prospect News Municipals Daily.

Stamford, Conn., defeases and calls $23.8 million of G.O. bonds

By Melissa Kory

Cleveland, June 23 - The City of Stamford, Conn., said it defeased $23.8 million of its general obligation bonds.

The bonds to be redeemed at par include:

• $1.75 million of 4.45% series 2003 bonds due Nov. 1, 2022, to be redeemed Nov. 1, 2013;

• $1.75 million of 4.45% series 2003 bonds due Nov. 1, 2023, to be redeemed Nov. 1, 2013;

• $200,000 of 3% series 2004 bonds due Sept. 1;

• $1.7 million of 3.25% series 2004 bonds due Sept. 1, 2012, to be redeemed Sept. 1;

• $1.7 million of 4.25% series 2004 bonds due Sept. 1, 2023, to be redeemed Sept. 1;

• $1.7 million of 4.25% series 2004 bonds due Sept. 1, 2024, to be redeemed on Sept. 1;

• $3 million of 4% series 2006 bonds due Feb. 15, 2021, to be redeemed Feb. 15, 2013;

• $3 million of 4.125% series 2006 bonds due Feb. 15, 2022, to be redeemed Feb. 15, 2013;

• $3 million of4.4% series 2006 bonds due Feb. 15, 2024, to be redeemed Feb. 15, 2013;

• $3 million of 4.4% series 2006 bonds due Feb. 15, 2025, to be redeemed Feb. 15, 2013; and

• $3 million of 4.44% series 2006 bonds due Feb. 15, 2026, to be redeemed Feb. 15, 2013.


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