Florida Municipal Loan Council defeases $38.83 million revenue bonds

By Tali David

Minneapolis, Nov. 8 - Florida Municipal Loan Council defeased $38.83 million of its series 2003A revenue bonds, according to a notice.

The following bonds will be redeemed on May 1, 2013:

• $1,165,000 of 5.25% notes due May 1, 2014;

• $1.23 million of 5.25% notes due May 1, 2015;

• $1,295,000 of 5.25% notes due May 1, 2016;

• $1.36 million of 5.25% notes due May 1, 2017;

• $1.43 million of 5.25% notes due May 1, 2018;

• $1.51 million of 5.25% notes due May 1, 2019;

• $1,585,000 of 5.25% notes due May 1, 2020;

• $1.67 million of 5% notes due May 1, 2021;

• $1,755,000 of 5% notes due May 1, 2022;

• $5,775,000 of 4.5% notes due May 1, 2025;

• $6.62 million of 5% notes due May 1, 2028; and

• $13,435,000 of 5% notes due May 1, 2033.

Deutsche Bank Trust Co. Americas is the trustee.

The council is a fixed-rate loan pool program for cities to use for capital improvements, renovations, fixed asset additions or refinancing of existing debt.

© 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.