Houston calls $481.5 million water and sewer system junior lien bonds

By Tali David

Minneapolis, Nov. 2 - The City of Houston, Texas, called $330,895,000 of its series 2002A water and sewer system junior-lien revenue refunding bonds and $150,605,000 of its series 2002B water and sewer system junior-lien revenue forward refunding bonds in full, according to two notices.

The following 2002A bonds will be redeemed at par plus applicable premium on Dec. 1:

• $7,575,000 of 5% bonds due Dec. 1, 2019;

• $7.96 million of 5% bonds due Dec. 1, 2020;

• $8.37 million of 5% bonds due Dec. 1, 2021;

• $8.8 million of 5% bonds due Dec. 1, 2022;

• $9.26 million of 5.25% bonds due Dec. 1, 2023;

• $9,775,000 of 5.25% bonds due Dec. 1, 2024;

• $10,305,000 of 5.25% bonds due Dec. 1, 2025;

• $179,705,000 of 5% bonds due Dec. 1, 2030; and

• $89,145,000 of 5.125% bonds due Dec. 1, 2031.

The following 2002B bonds will be redeemed at par plus applicable premium on Dec. 1:

• $24,005,000 of 5.75% bonds due Dec. 1, 2013;

• $43,825,000 of 5.75% bonds due Dec. 1, 2014;

• $46.07 million of 5.75% bonds due Dec. 1, 2015;

• $21,885,000 of 5.75% bonds due Dec. 1, 2016;

• $9,335,000 of 5.75% bonds due Dec. 1, 2017; and

• $5,485,000 of 5.75% bonds due Dec. 1, 2018.

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

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