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Published on 3/15/2012 in the Prospect News Liability Management Daily and Prospect News Municipals Daily.

Cherry Creek School District, Colo., defeases $49.49 million of bonds

By Tali David

Minneapolis, March 15 - The Cherry Creek School District No. 5 in Colorado defeased $49,485,000 of its general obligation refunding and improvement bonds, series 2004, according to a material event notice.

The bonds, which are due 2012 through 2022, will be redeemed on Dec. 15, 2013 at par plus accrued interest.

Following the transactions, $66,295,000 on the bonds will remain.

The Bank of New York Trust Co., NA is the paying agent.


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