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Published on 10/12/2012 in the Prospect News Liability Management Daily and Prospect News Municipals Daily.

Clark County School District, Nev., defeases four G.O. bond series

By Ashley Montgomery

Kansas City, Kan., Oct. 12 - Clark County School District of Nevada has defeased a total of $178,110,000 from four series of its general obligations bonds, according to notices.

The following series 2001D bonds were refunded at par plus a 4% premium:

• $8.38 million of bonds due June 15, 2014;

• $100,000 of bonds due June 15, 2017; and

• $100,000 of bonds due June 15, 2018.

The following series 2005C bonds were refunded at par for redemption on Dec. 15, 2015:

• $31,915,000 of bonds due June 15, 2020; and

• $33,515,000 of bonds due June 15, 2021.

The following series 2004D bonds were refunded at par for redemption on Dec. 15, 2014:

• $26,565,000 of bonds due June 15, 2018; and

• $27.89 million of bonds due June 15, 2019.

The following series 2002A bonds were refunded at par plus a 3% premium for redemption on Dec. 15:

• $21,855,000 of bonds due June 15, 2015; and

• $27.79 million of bonds due June 15, 2016.


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