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Published on 1/13/2012 in the Prospect News Liability Management Daily and Prospect News Municipals Daily.

Collier County, Fla., defeases $70.57 million improvement bonds

By Tali David

Minneapolis, Jan. 13 -Collier County in Florida defeased $70,565,000 of Florida capital improvement and refunding revenue bonds, series 2005, according to a release.

The 5% bonds are due Oct. 1, 2012 through 2024.

The bonds maturing on and after Oct. 1,2015 are to be redeemed prior to their respective maturities on Oct. 1, 2014 at par plus accrued interest. The bonds maturing on Oct. 1, 2012, 2013 and 2014 will be paid at maturity without any premium.


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