Garland Independent School District, Texas, defeases $52.46 million of series 2003 bonds

By Tali David

Minneapolis, Dec. 28 - Garland Independent School District, Texas, defeased $52,463,834.15 of its unlimited tax school building and refunding bonds, series 2003, according to a 15c2-12 filing with the Securities and Exchange Commission.

The following bonds will be redeemed at par on Feb. 15, 2013:

• $1 million of its 3.85% bonds due Feb. 15, 2014;

• $3.09 million of its 4% bonds due Feb. 15, 2014;

• $6.92 million of its 5% bonds due Feb. 15, 2015;

• $6,295,000 of its 4% bonds due Feb. 15, 2016;

• $610,000 of its 5% bonds due Feb. 15, 2016;

• $50,000 of its 5% bonds due Feb. 15, 2017;

• $8,715,000 of its 4.125% bonds due Feb. 15, 2017;

• $770,000 of its 4.2% bonds due Feb. 15, 2018;

• $10,285,000 of its 5% bonds due Feb. 15, 2018;

• $4,161,198.65 of its 5.15% bonds due Feb. 15, 2019;

• $2,984,403.20 of its 5.23% bonds due Feb. 15, 2020;

• $3,365,575 of its 5.31% bonds due Feb. 15, 2021;

• $2,177,927.60 of its 5.37% bonds due Feb. 15, 2022; and

• $2,039,729.70 of its 5.44% bonds due Feb. 15, 2023.

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