Salt River Project, Ariz., redeems 2002 electric system revenue bonds

By Ashley Montgomery

Kansas City, Kan., Dec. 29 - Salt River Project Agricultural Improvement and Power District, Ariz., gave notice that it will redeem $97,205,000 of its 2002 series A electric system refunding revenue bonds on Jan. 1.

The bonds will be redeemed at 101 plus accrued interest to the redemption date.

The following bonds are affected:

• $85,000 of 4.6% bonds due Jan. 1, 2015;

• $9,845,000 of 5.25% bonds due Jan. 1, 2015;

• $185,000 of 4.75% bonds due Jan. 1, 2016;

• $970,000 of 5.25% bonds due Jan. 1, 2017;

• $7.37 million of 5.25% bonds due Jan. 1, 2018;

• $125,000 of 4.875% bonds due Jan. 1, 2019;

• $11.54 million of 5.25% bonds due Jan. 1, 2019;

• $1,415,000 of 5.25% bonds due Jan. 1, 2020;

• $5,835,000 of 5% bonds due Jan. 1, 2021;

• $1,915,000 of 5% bonds due Jan. 1, 2022;

• $3.4 million of 5.125% bonds due Jan. 1, 2023;

• $11,485,000 of 5% bonds due Jan. 1, 2023;

• $20,755,000 of 5.125% bonds due Jan. 1, 2027; and

• $22.28 million of 5% bonds due Jan. 1, 2031.

U.S. Bank NA is the agent.

The utility is based in Tempe, Ariz.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.