Houston calls $533.41 million airport bonds, defeases $55.95 million

By Marisa Wong

Madison, Wis., July 21 - The City of Houston said that it will redeem portions of its outstanding series 1998A (AMT), 1998B (AMT), 1998C (non-AMT) and 2000A (AMT) airport system subordinate-lien revenue bonds.

The city will redeem $31.11 million of its outstanding 1998A bonds, $257.145 million of its outstanding 1998B bonds, $66.23 million of its outstanding 1998C bonds and $178.92 million of its outstanding 2000A bonds.

The bonds will be redeemed on Aug. 22 at par plus accrued interest to the redemption date.

In addition, the city defeased its $55.945 million of outstanding series 2002B (non-AMT) airport system subordinate-lien revenue bonds.

The defeased 2002B bonds will be redeemed on July 1, 2012 at par plus accrued interest to the redemption date.

Bank of New York Mellon Trust Co., NA is the agent.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.