Norfolk, Va., to defease some of five series of water revenue bonds

By Ashley Montgomery

Kansas City, Kan., April 9 - The City of Norfolk, Va., will refund a portion of its water revenue bonds and water revenue and refunding bonds from five series, according to a notice.

The following series 1993 water revenue bonds will be redeemed May 4 at par plus interest:

• $5.02 million of 5.25% bonds due 2013; and

• $35,035,000 of 5.375% bonds due 2023.

The following series 1995 water revenue bonds be redeemed May 4 at par plus interest:

• $3,685,000 of 5.75% bonds due 2012;

• $3,905,000 of 5.75% bonds due 2013;

• $4.14 million of 5.875% bonds due 2014;

• $4.39 million of 5.875% bonds due 2015;

• $26,265,000 of 5.875% bonds due 2020; and

• $35,265,000 of 5.9% bonds due 2025.

The following series 1998 water revenue and refunding bonds will be redeemed April 16 at par plus interest:

• $2.37 million of 5% bonds due 2012;

• $2.49 million of 5% bonds due 2013;

• $2,615,000 of 4.75% bonds due 2014;

• $2,745,000 of 5% bonds due 2015;

• $2.88 million of 4.75% bonds due 2016;

• $3.02 million of 4.75% bonds due 2017;

• $3.17 million of 4.75% bonds due 2018;

• $18.5 million of 5.125% bonds due 2023; and

• $23.91 million of 5.125% bonds due 2028.

The following series 2001 water revenue and refunding bonds will be redeemed April 16 at par plus interest:

• $860,000 of 4% bonds due 2012;

• $900,000 of 4.125% bonds due 2013;

• $935,000 of 4.25% bonds due 2014;

• $975,000 of 4.375% bonds due 2015;

• $1,025,000 of 5% bonds due 2016;

• $1,075,000 of 5% bonds due 2017;

• $1.13 million of 5% bonds due 2018;

• $1.19 million of 5% bonds due 2019;

• $1.25 million of 4.75% bonds due 2020;

• $1.31 million of 5% bonds due 2021;

• $1.38 million of 5% bonds due 2022;

• $1.45 million of 5% bonds due 2023;

• $1,525,000 of 5% bonds due 2024;

• $1.6 million of 4.75% bonds due 2025;

• $1.68 million of 4.75% bonds due 2026; and

• $9.75 million of 5% bonds due 2031.

The following series 2005 water revenue and refunding bonds will be redeemed Nov. 1 at par plus interest:

• $595,000 of 5% bonds due 2017;

• $675,000 of 4.75% bonds due 2020;

• $705,000 of 4.75% bonds due 2021; and

• $745,000 of 4.75% bonds due 2022.

U.S. Bank, NA is the agent.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.