Lamar Consolidated ISD, Texas, redeems, defeases $76.48 million bonds

By Tali David

Minneapolis, April 4 - Lamar Consolidated Independent School District, Texas, redeemed $26,565,000 and defeased $49,915,000 of its bonds, according to two releases.

Lamar redeemed $26,565,000 of its variable-rate unlimited tax schoolhouse bonds, series 2004, on April 2.

It will redeem $930,000 of the unlimited tax school building bonds, series 2003, originally issued by Kendleton Independent School District at par on Feb. 15, 2013. The bonds, with coupons ranging from 3.95% to 4.55%, are due in 2015, 2020, 2024 and 2028.

Finally, Lamar will redeem $48,985,000 of its unlimited tax schoolhouse and refunding bonds, series 2004, at par on Feb. 15, 2014. The bonds, which have coupons ranging from 5% to 5.25%, are due 2015 through 2024.

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