Virginia defeases $103.13 million of 2002, 2003A, 2004A, 2005A G.O.s

By Tali David

Minneapolis, March 8 - The Commonwealth of Virginia defeased $103.13 million of its general obligation bonds, series 2002, 2003A, 2004A and 2005A, according to a notice.

The following 2002 bonds will be redeemed on June 1, 2012:

• $12.89 million of 5% bonds due June 1, 2013;

• $11,175,000 of 5% bonds due June 1, 2014; and

• $6,485,000 of 5% bonds due June 1, 2015.

The following 2003A bonds will be redeemed on June 1, 2013:

• $2.52 million of 3.125% bonds due June 1, 2014;

• $2.52 million of 3.25% bonds due June 1, 2015;

• $2.52 million of 3.5% bonds due June 1, 2016;

• $2,525,000 of 3.5% bonds due June 1, 2017;

• $2,525,000 of 3.5% bonds due June 1, 2018;

• $2,525,000 of 3.75% bonds due June 1, 2019;

• $2,525,000 of 4% bonds due June 1, 2020;

• $2,525,000 of 4% bonds due June 1, 2021;

• $2,525,000 of 4% bonds due June 1, 2022; and

• $2,525,000 of 4% bonds due June 1, 2023.

The following 2004A bonds will be redeemed on June 1, 2014:

• $9.14 million of 5% bonds due June 1, 2015;

• $9,555,000 of 4.5% bonds due June 1, 2023;

• $9,625,000 of 4.5% bonds due June 1, 2024; and

• $845,000 of 4.625% bonds due June 1, 2025.

The following 2005A bonds will be redeemed on June 1, 2015:

• $9.02 million of 5% bonds due June 1, 2023; and

• $9.16 million of 5% bonds due June 1, 2024.

U.S. Bank NA is the escrow agent.

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