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Prospect News home > News index > List of issuers T > Headlines for Tenders 2012 > News item
Published on 1/13/2012 in the Prospect News Liability Management Daily and Prospect News Municipals Daily.

JEA, Fla., to redeem electric system revenue bonds from eight series

By Ashley Montgomery

Kansas City, Kan., Jan. 13 - JEA will redeem its electric system revenue bonds, series three, and electric system subordinated revenue bonds on Feb. 13, the authority announced in a notice.

The following series three bonds are affected:

• $15,705,000 of 4.75% 2005A bonds due Oct. 1, 2034;

• $10,985,000 of 4.75% 2005B bonds due Oct. 1, 2033;

• $1.79 million of 4.125% 2005D bonds due Oct. 1, 2023;

• $1,865,000 of 4.25% 2005D bonds due Oct. 1, 2024;

• $1.95 million of 4.25% 2005D bonds due Oct. 1, 2025;

• $800,000 of 4.25% 2005D bonds due Oct. 1, 2026;

• $800,000 of 4.25% 2005D bonds due Oct. 1, 2027;

• $2.4 million of 4.375% 2005D bonds due Oct. 1, 2030;

• $1,515,000 of 4.375% 2006A bonds due Oct. 1, 2025;

• $3,225,000 of 4.375% 2006A bonds due Oct. 1, 2026;

• $11.35 million of 4.5% 2006A bonds due Oct. 1, 2030;

• $9.94 million of 4.75% 2006A bonds due Oct. 1, 2036; and

• $1.23 million of 4.625% 2006A bonds due Oct. 1, 2036.

The following subordinated revenue bonds are affected:

• $21 million of 4.875% 2002 series D bonds due Oct. 1, 2037;

• $7.5 million of 4.5% 2003 series A bonds due Oct. 1, 2026;

• $15,755,000 of 4.625% 2003 series A bonds due Oct. 1, 2033;

• $2.69 million of 4.375% 2005 series A bonds due Oct. 1, 2024;

• $3.37 million of 4.75% 2005 series A bonds due Oct. 1, 2029;

• $1.16 million of 4% 2005 series C bonds due Oct. 1, 2021;

• $1.21 million of 4.125% 2005 series C bonds due Oct. 1, 2022;

• $1.26 million of 4.25% 2005 series C bonds due Oct. 1, 2023;

• $1.31 million of 4.25% 2005 series C bonds due Oct. 1, 2024;

• $1.37 million of 4.25% 2005 series C bonds due Oct. 1, 2025;

• $580,000 of 4.25% 2005 series C bonds due Oct. 1, 2026;

• $580,000 of 4.25% 2005 series C bonds due Oct. 1, 2027;

• $580,000 of 4.25% 2005 series C bonds due Oct. 1, 2028;

• $1.16 million of 4.375% 2005 series C bonds due Oct. 1, 2030;

• $1.16 million of 4.375% 2005 series C bonds due Oct. 1, 2035;

• $1,495,000 of 3.75% 2006 series A bonds due Oct. 1, 2015;

• $2,115,000 of 4% 2006 series A bonds due Oct. 1, 2016;

• $2,885,000 of 4% 2006 series A bonds due Oct. 1, 2017;

• $4,225,000 of 4% 2006 series A bonds due Oct. 1, 2018;

• $800,000 of 4.1% 2006 series A bonds due Oct. 1, 2019;

• $2.35 million of 4.2% 2006 series A bonds due Oct. 1, 2020;

• $2.63 million of 4.25% 2006 series A bonds due Oct. 1, 2021;

• $2.765,000 of 4.25% 2006 series A bonds due Oct. 1, 2022;

• $2.8 million of 4.3% 2006 series A bonds due Oct. 1, 2023; and

• $2,935,000 of 4.3% 2006 series A bonds due Oct. 1, 2024.

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

U.S. Bank, NA is the trustee.

JEA is an electric utility based in Jacksonville, Fla.


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