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Published on 3/8/2012 in the Prospect News Liability Management Daily and Prospect News Municipals Daily.

Virginia Public School Authority defeases some school financing bonds

By Ashley Montgomery

Kansas City, Kan., March 8 - The Virginia Public School Authority has defeased portions of its 1997 resolution school financing bonds, according to a notice.

The defeased bonds are affected as follows:

• $14.83 million of series 2003A bonds will be redeemed Aug. 1, 2013;

• $24,625,000 of series 2004A bonds will be redeemed Aug. 1, 2014;

• $54.33 million of series 2004B bonds will be redeemed Aug. 1, 2014;

• $79.81 million of series 2005C bonds will be redeemed Aug. 1, 2015; and

• $118,490,000 of series 2005D bonds will be redeemed Aug. 1, 2015.

U.S. Bank, NA is the agent.


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