Connecticut defeases 2003 A, B transportation infrastructure bonds

By Ashley Montgomery

Kansas City, Kan., Dec. 21 - The State of Connecticut has defeased and plans to redeem its series 2003 A and B special tax obligation transportation infrastructure bonds, according to a notice.

The bonds will be redeemed at par.

The following 2003 B bonds will be redeemed on Jan. 1, 2014:

• $760,000 of 3.8% bonds due Jan. 1, 2015;

• $8.91 million of 5% bonds due Jan. 1, 2015;

• $130,000 of 3.9% bonds due Jan. 1, 2016;

• $6,065,000 of 4.5% bonds due Jan. 1, 2024; and

• $8.86 million of 5% bonds due Jan. 1, 2024.

The following bonds will be redeemed on July 1, 2015:

• $220,000 of 3.75% bonds due July 1, 2016;

• $10,125,000 of 5% bonds due July 1, 2016;

• $300,000 of 3.875% bonds due July 1, 2017;

• $10.57 million of 5% bonds due July 1, 2017;

• $955,000 of 4% bonds due July 1, 2018;

• $10.47 million of 5% bonds due July 1, 2018;

• $1.92 million of 4% bonds due July 1, 2019;

• $10,075,000 of 5% bonds due July 1, 2019;

• $260,000 of 4.1% bonds due July 1, 2020;

• $12.34 million of 5% bonds due July 1, 2020;

• $125,000 of 4.125% bonds due July 1, 2021;

• $13.12 million of 5% bonds due July 1, 2021

• $335,000 of 4.25% bonds due July 1, 2022;

• $13,585,000 of 5% bonds due July 1, 2022;

• $380,000 of 4.25% bonds due July 1, 2023;

• $14.25 million of 5% bonds due July 1, 2023;

• $3.62 million of 4.25% bonds due July 1, 2024; and

• $11,745,000 of 5% bonds due July 1, 2024.

U.S. Bank, NA is the escrow holder.

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