San Antonio calls, defeases $221.57 million hotel occupancy tax bonds

By Tali David

Minneapolis, Oct. 31 - The City of San Antonio, Texas, defeased and called a total of $221,566,114.05 of its hotel occupancy tax bonds, according to multiple notices.

The city defeased $12,391,114.05 of its series 1996 revenue bonds due Aug. 15, 2013 through 2017 and $70,185,000 of its series 2006 tax subordinate-lien revenue refunding bonds due Aug. 15, 2014 through 2026.

The city called $10.39 million of 5% series 2004A subordinate-lien revenue refunding bonds due Aug. 15, 2029 and $128.6 million of series 2008 subordinate-lien variable-rate demand revenue and refunding bonds due Aug. 15, 2034. The 2004A bonds will be redeemed on Dec. 3 and the 2008 bonds will be redeemed on Nov. 21.

Bank of New York Mellon Trust Co., NA is the paying agent.

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