Mississippi Development defeases $42.36 million series 2002 S.O. bonds

By Devika Patel

Knoxville, Tenn., Aug. 26 - The Mississippi Development Bank said it defeased $42.36 million of its $50 million series 2002 special obligation bonds, which were issued for the Jackson, Miss., Combined Water And Sewer System Revenue Bond Project on Sept. 6, 2002.

The bonds consist of:

• $905,000 of 5% bonds due Sept. 1, 2011;

• $1.14 million of 5% bonds due Sept. 1, 2012;

• $1.2 million of 5.25% bonds due Sept. 1, 2013;

• $1.26 million of 5.25% bonds due Sept. 1, 2014;

• $1.33 million of 5.25% bonds due Sept. 1, 2015;

• $1.4 million of 5.25% bonds due Sept. 1, 2016;

• $1.47 million of 5.25% bonds due Sept. 1, 2017;

• $1.54 million of 5.25% bonds due Sept. 1, 2018;

• $1.63 million of 5.25% bonds due Sept. 1, 2019;

• $1.71 million of 5.25% bonds due Sept. 1, 2020;

• $1.8 million of 5.25% bonds due Sept. 1, 2021;

• $1.9 million of 5.25% bonds due Sept. 1, 2022;

• $1.99 million of 5.25% bonds due Sept. 1, 2023; and

• $23.12 million of 5% bonds due Sept. 1, 2032.

Trustmark National Bank is the trustee.

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