Colorado Springs defeases some 2001A, 2003A refunding revenue bonds

By Devika Patel

Knoxville, Tenn., Sept. 13 - The City of Colorado Springs, Colo., said it defeased and will redeem all of its series 2001A utilities system subordinate-lien improvement and refunding revenue bonds, its series 2003A utilities system subordinate-lien improvement revenue bonds due Nov. 15, 2011 and some of its series 2003A bonds.

The 2003A bonds include the following:

• $1.43 million of 5% bonds due Nov. 15, 2014;

• $1.51 million of 4% bonds due Nov. 15, 2015;

• $1.37 million of 5% bonds due Nov. 15, 2016;

• $1.64 million of 5% bonds due Nov. 15, 2017;

• $1.73 million of 5% bonds due Nov. 15, 2018;

• $1.81 million of 5% bonds due Nov. 15, 2019;

• $1.9 million of 5% bonds due Nov. 15, 2020;

• $2 million of 5% bonds due Nov. 15, 2021;

• $2.1 million of 5% bonds due Nov. 15, 2022; and

• $1.8 million of 5% bonds due Nov. 15, 2023.

The series 2001A bonds maturing after Nov. 15, 2011 will be redeemed on Nov. 15 at par plus interest. The series 2003A bonds maturing after Nov. 15, 2013 will be redeemed on Nov. 15, 2013 at par plus interest.

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