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Published on 12/12/2012 in the Prospect News Liability Management Daily and Prospect News Municipals Daily.

Beaverton School District, Ore., defeases $128.75 million G.O. bonds

By Tali David

Minneapolis, Dec. 12 - The Beaverton School District No. 48J of Washington and Multnomah Counties, Ore., defeased $128,745,000 of its series 2007 general obligation bonds, according to a notice.

The following bonds will be redeemed at par plus accrued interest on June 1, 2016:

• $6,975,000 of 5% bonds due June 1, 2017;

• $7,245,000 of 4% bonds due June 1, 2018;

• $7.61 million of 4.25% bonds due June 1, 2019;

• $9.5 million of 4.25% bonds due June 1, 2020;

• $11.3 million of 4.25% bonds due June 1, 2021;

• $12.9 million of 4.5% bonds due June 1, 2022;

• $15.3 million of 4.5% bonds due June 1, 2023;

• $18,275,000 of 4.5% bonds due June 1, 2024;

• $19.14 million of 4.125% bonds due June 1, 2025; and

• $20.5 million of 4.125% bonds due June 1, 2026.

U.S. Bank NA is the paying agent.


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