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Published on 11/21/2012 in the Prospect News Liability Management Daily and Prospect News Municipals Daily.

Honolulu defeases $593.03 million of its series 2004 and 2005 bonds

By Tali David

Minneapolis, Nov. 21 - The City and County of Honolulu defeased its series 2004A, 2004B, 2005A, 2005B, 2005C, 2005D, 2005E and 2005F bonds, according to a Rule 15c2-12 filed with the Securities and Exchange Commission.

The following bonds were defeased:

• $50.05 million of 2004A bonds due July 1, 2020 through 2028;

• $68,275,000 of 2004B bonds due July 1, 2015 through 2017;

• $143,845,000 of 2005A bonds due July 1, 2016 through 2029;

• $8,805,000 of 2005B bonds due July 1, 2017 through 2019;

• $35.51 million of 2005C bonds due July 1, 2017 through 2021;

• $45,365,000 of 2005D bonds due July 1, 2017 through 2023;

• $122,475,000 of 2005E bonds due July 1, 2017 through 2023; and

• $118,705,000 of 2005F bonds due July 1, 2016 through 2029.

U.S. Bank NA is the escrow agent.


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