Colorado Springs, Colo., buys $75 million 2007A utilities system bonds

By Marisa Wong

Madison, Wis., Sept. 23 - City of Colorado Springs, Colo., said it purchased its $75 million of variable-rate demand utilities system improvement revenue bonds, series 2007A, at par plus accrued interest on Sept. 23.

The bonds were called for mandatory tender on Sept. 23 because the city will substitute a new standby bond purchase agreement for the bonds' existing liquidity facility on Sept. 28.

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