Memphis defeases $85.96 million of its series 2004 and 2006A bonds

By Tali David

Minneapolis, March 29 - The City of Memphis, Tenn., defeased $85.96 million of its general improvement bonds, series 2004 and 2006A, according to a news release.

The following 2004 bonds will be redeemed at par plus accrued interest on Oct. 1, 2014:

• $6,675,000 of 5% bonds due Oct. 1, 2015;

• $7,015,000 of 5% bonds due Oct. 1, 2016;

• $7,375,000 of 5% bonds due Oct. 1, 2017;

• $7,775,000 of 5% bonds due Oct. 1, 2018;

• $8,155,000 of 5% bonds due Oct. 1, 2019;

• $8.55 million of 4.5% bonds due Oct. 1, 2020;

• $8,945,000 of 4.5% bonds due Oct. 1, 2021; and

• $9.38 million of 5% bonds due Oct. 1, 2022.

The following 2006A bonds will be redeemed at par plus accrued interest, also on Oct. 1, 2014:

• $16 million of 5% bonds due Nov. 1, 2020; and

• $6.11 million of 5% bonds due Nov. 1, 2021.

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

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