San Diego Community College District defeases $290.68 million of bonds

By Tali David

Minneapolis, March 22 - San Diego Community College District defeased $15.15 million million of its series 2003A, $229.17 million of its series 2005 and $46.36 million of its series 2007 tax-exempt general obligation bonds, according to separate news releases.

The district will redeem $15.15 million of its series 2003A bonds on May 1, 2013. The bonds, which are due May 1, 2028, will be redeemed at par.

The district plans to redeem $229.17 million of its series 2005 bonds on May 1, 2015. The bonds, which are due on May 1 in the years 2016 through 2025 and 2030, will be redeemed at par.

It will also redeem $46.36 million of its series 2007 bonds on Aug. 1, 2017. The bonds, which are due Aug. 1, 2018 through 2023, will be redeemed at par.

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

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