Western Minnesota Municipal Power defeases $56.98 million of bonds

By Marisa Wong

Madison, Wis., Oct. 10 - Western Minnesota Municipal Power Agency said it defeased $56.98 million of its power supply revenue bonds, 2003 series A.

The affected bonds include $22,065,000 of bonds due Jan. 1, 2026 and $34,915,000 of bonds due Jan. 1, 2030.

The defeased bonds will be redeemed on Jan. 1 at par.

Wells Fargo Bank, NA is the trustee.

The agency, a political subdivision of Minnesota, finances the construction and acquisition of power generation and transmission facilities for members of Sioux Falls, S.D.-based Missouri River Energy Services.

© 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.