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Published on 7/28/2011 in the Prospect News Liability Management Daily and Prospect News Municipals Daily.

Ohio Public Facilities Commission defeases G.O. bonds

By Melissa Kory

Cleveland, July 28 - The Ohio Public Facilities Commission said it defeased its infrastructure improvement general obligation bonds, natural resources capital facilities G.O. bonds, higher education capital faculties G.O. bonds and common schools G.O. bonds on July 28.

The infrastructure improvement bonds affected include the following outstanding issues:

• 4.125% series 2001A bonds due Aug. 1, 2011;

• 5% series 2001A bonds due Aug. 1, 2011;

• 3.6% series 2002B bonds due March 1, 2012;

• 5% series 2002B bonds due March 1, 2012;

• 5% series 2003A bonds due Aug. 1, 2011;

• 0% series 2003C bonds due Aug. 1, 2011;

• 3.4% series 2003F bonds due Feb. 1, 2012;

• 4% series 2003F bonds due Feb. 1, 2017, to be redeemed Feb. 1, 2013;

• 5% series 2003F bonds due Feb. 1, 2020, to be redeemed Feb. 1, 2013;

• 5% series 2003F bonds due Feb. 1, 2021, to be redeemed Feb. 1, 2013;

• 3.625% series 2004D bonds due March 1, 2012;

• 5% series 2005A bonds due Sept. 1, 2011;

• 4% series 2006A bonds due March 1, 2012;

• 4% series 2007A bonds due Sept. 1, 2011;

• 4% series 2008A bonds due Sept. 1, 2011; and

• 3% series 2009A bonds due Aug. 1, 2011.

The natural resources bonds affected include the following outstanding issues:

• 4.25% series G bonds due Oct. 1, 2011;

• 4.6% series G bonds due Oct. 1, 2015, to be redeemed April 1, 2012;

• 4.7% series G bonds due Oct. 1, 2016, to be redeemed April 1, 2012;

• 4.8% series G bonds due Oct. 1, 2017, to be redeemed April 1, 2012;

• 5% series I bonds due April 1, 2012;

• 3.4% series I bonds due April 1, 2015, to be redeemed April 1, 2013;

• 3.5% series I bonds due April 1, 2016, to be redeemed April 1, 2013;

• 3.75% series I bonds due April 1, 2017, to be redeemed April 1, 2013;

• 5% series J bonds due Oct. 1, 2011;

• 3.125% series J bonds due Oct. 1, 2011;

• 3% series K bonds due April 1, 2012;

• 4% series L bonds due Oct. 1, 2011; and

• 3% series N bonds due April 1, 2012.

The higher education bonds affected include the following outstanding bonds:

• 4.25% series 2001B bonds due Nov. 1, 2011;

• 5% series 2002A bonds due Aug. 1, 2011;

• 3.75% series 2002B bonds due Nov. 1, 2011;

• 5.25% series 2002B bonds due Nov. 1, 2011;

• 5.25% series 2002B bonds due Nov. 1, 2020, to be redeemed Nov. 1, 2012;

• 5.25% series 2002B bonds due Nov. 1, 2021, to be redeemed Nov. 1, 2012;

• 5% series 2002B bonds due Nov. 1, 2022, to be redeemed Nov. 1, 2012;

• 5% series 2003A bonds due May 1, 2012;

• 3.25% series 2003A bonds due May 1, 2012;

• 3.625% series 2003A bonds due May 1, 2016, to be redeemed May 1, 2013;

• 5% series 2003A bonds due May 1, 2019, to be redeemed May 1, 2013;

• 5% series 2003A bonds due May 1, 2020, to be redeemed May 1, 2013;

• 5% series 2004A bonds due May 1, 2012;

• 5% series 2004B bonds due Feb. 1, 2012;

• 3.25% series 2005A bonds due Feb. 1, 2012;

• 5% series 2005A bonds due Feb. 1, 2012;

• 3.35% series 2005B bonds due May 1, 2012;

• 5% series 2005B bonds due May 1, 2012;

• 4% series 2004C bonds due Aug. 1, 2011;

• 3.875% series 2006A bonds due May 1, 2012;

• 4.25% series 2006A bonds due May 1, 2012;

• 4% series 2006B bonds due Nov. 1, 2011;

• 5% series 2006B bonds due Nov. 1, 2011; and

• 4% series 2009A bonds due Aug. 1, 2011.

The common schools bonds affected include the following outstanding bonds:

• 5.25% series 2001B bonds due Sept. 15, 2011;

• 4.2% series 2001B bonds due Sept. 15, 2011;

• 5.25% series 2002A bonds due Sept. 15, 2011;

• 5.125% series 2002A bonds due Sept. 15, 2011, to be redeemed March 15, 2012;

• 5% series 2002B bonds due Sept. 15, 2011;

• 4.625% series 2002B bonds due Sept. 15, 2021, to be redeemed March 15, 2012;

• 5% series 2003A bonds due March 15, 2012;

• 4.5% series 2003A bonds due March 15, 2017, to be redeemed March 15, 2013;

• 5% series 2003A bonds due March 15, 2020, to be redeemed March 15, 2013;

• 5% series 2003A bonds due March 15, 2021, to be redeemed March 15, 2013;

• 5% series 2003B bonds due June 15, 2012;

• 3.5% series 2003B bonds due June 15, 2012;

• 4.125% series 2003B bonds due June 15, 2017, to be redeemed March 15, 2013;

• 5% series 2003B bonds due June 15, 2017, to be redeemed March 15, 2013;

• 5% series 2003B bonds due June 15, 2018, to be redeemed March 15, 2013;

• 5% series 2003B bonds due June 15, 2019, to be redeemed March 15, 2013;

• 3.5% series 2003C bonds due March 15, 2012;

• 5% series 2003C bonds due March 15, 2012;

• 5% series 2003E bonds due Sept. 15, 2011;

• 5% series 2004A bonds due June 15, 2012;

• 5% series 2004B bonds due March 15, 2012;

• 3.5% series 2006A bonds due Sept. 15, 2011;

• 5% series 2006D bonds due Sept. 15, 2011;

• 5% series 2007A bonds due June 15, 2012; and

• 2.25% series 2009A bonds due Sept. 15, 2011.

Huntington National Bank is the agent.


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