Virginia Resources defeases $3.43 million of infrastructure bonds

By Tali David

Minneapolis, Dec. 10 - The Virginia Resources Authority defeased $3.43 million of its senior series 2004B non-AMT Virginia Pooled Financing Program infrastructure revenue bonds, according to a notice.

The following 4.5% bonds will be redeemed at par plus accrued interest on Nov. 1, 2014:

• $625,000 of bonds due Nov. 1, 2030;

• $655,000 of bonds due Nov. 1, 2031;

• $685,000 of bonds due Nov. 1, 2032;

• $715,000 of bonds due Nov. 1, 2033; and

• $750,000 of bonds due Nov. 1, 2034.

U.S. Bank NA is the escrow agent.

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