Broward County, Fla., defeases 2003, 2003B, 2005 water and sewer bonds

By Ashley Montgomery

Kansas City, Kan., April 11 - Broward County, Fla. has defeased portions of its series 2003 and 2003B water and sewer utility revenue refunding bonds and series 2005A water and sewer utility revenue bonds, according to a series of notices.

The 2003 bonds will be redeemed on Oct. 1, 2013, and the 2005 bonds will be redeemed on Oct. 1, 2015, all at par plus accrued interest to the redemption date.

The following 2003 bonds are affected:

• $1.05 million of 3.75% bonds due Oct. 1, 2014;

• $1.09 million of 4% bonds due Oct. 1, 2015;

• $1,125,000 of 4% bonds due Oct. 1, 2016;

• $1,175,000 of 5% bonds due Oct. 1, 2017;

• $7.55 million of 5% bonds due Oct. 1, 2018;

• $11,955,000 of 5% bonds Oct. 1, 2019;

• $12.55 million of 5% bonds due Oct. 1, 2020;

• $7,775,000 of 5% bonds due Oct. 1, 2021;

• $8,165,000 of 5% bonds due Oct. 1, 2022;

• $8,575,000 of 5% bonds due Oct. 1, 2023;

• $9 million of 5% bonds due Oct. 1, 2024;

• $9.45 million of 4.5% bonds due Oct. 1, 2025; and

• $20,215,000 of 4.625% bonds due Oct. 1, 2027.

The following 2003B bonds are affected:

• $8,185,000 of 5% bonds due Oct. 1, 2014;

• $8,595,000 of 5% bonds due Oct. 1, 2015;

• $9.03 million of 5% bonds due Oct. 1, 2016;

• $9.48 million of 3.75% bonds due Oct. 1, 2017; and

• $3.51 million of 4% bonds due Oct. 1, 2018.

The following 2005A bonds are affected:

• $3.39 million of 5% bonds due Oct. 1, 2021;

• $3.56 million of 5% bonds due Oct. 1, 2022;

• $3,735,000 of 5% bonds due Oct. 1, 2023;

• $3.93 million of 5% bonds due Oct. 1, 2024;

• $4,125,000 of 5% bonds due Oct. 1, 2025;

• $4,325,000 of 5% bonds due Oct. 1, 2026; and

• $4,545,000 of 5% bonds due Oct. 1, 2030.

Regions Bank is the agent.

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