Ventura County College District defeases $51.68 million of G.O. bonds

By Devika Patel

Knoxville, Tenn., Sept. 19 - The Ventura County Community College District said it defeased $51.675 million of its $85 million election of 2002 series A general obligation bonds.

The defeased bonds will be redeemed at 101 plus interest on Aug. 1, 2012.

The bonds include:

• $2.295 million of 5% bonds due Aug. 1, 2013;

• $2.475 million of 5% bonds due Aug. 1, 2014;

• $2.56 million of 5% bonds due Aug. 1, 2015;

• $2.74 million of 5% bonds due Aug. 1, 2016;

• $2.915 million of 5% bonds due Aug. 1, 2017;

• $3.09 million of 5% bonds due Aug. 1, 2018;

• $3.27 million of 5% bonds due Aug. 1, 2019;

• $3.445 million of 5% bonds due Aug. 1, 2020;

• $11.215 million of 5.5% bonds due Aug. 1, 2023; and

• $17.67 million of 5% bonds due Aug. 1, 2027.

U.S. Bank, NA is the escrow agent.

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