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Published on 12/13/2012 in the Prospect News Liability Management Daily and Prospect News Municipals Daily.

Hennepin County, Minn. calls $33.79 million of series 2006A G.O. bonds

By Ashley Montgomery

Kansas City, Kan., Dec. 13 - Hennepin County, Minn., defeased $33.79 million of its series 2006A general obligation bonds, according to a notice.

The following defeased bonds will be redeemed at par plus accrued interest on Dec. 1, 2014:

• $2,915,000 of 5% bonds due Dec. 1, 2015;

• $3,515,000 of 4.75% bonds due Dec. 1, 2016;

• $3.04 million of 4.75% bonds due Dec. 1, 2017;

• $3.04 million of 4.75% bonds due Dec. 1, 2018;

• $3.04 million of 4.75% bonds due Dec. 1, 2019;

• $3.04 million of 4.75% bonds due Dec. 1, 2020;

• All $3.04 million 4.75% bonds due Dec. 1, 2021;

• All $3.04 million 4.75% bonds due Dec. 1, 2022;

• All $3.04 million 4.75% bonds due Dec. 1, 2023;

• All $3.04 million 4.5% bonds due Dec. 1, 2024; and

• All $3.04 million 4.5% bonds due Dec. 1, 2025.

Wells Fargo Bank, NA is the escrow agent.


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