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Published on 4/27/2012 in the Prospect News Liability Management Daily and Prospect News Municipals Daily.

Arizona State University defeases $82.13 million system revenue bonds

By Tali David

Minneapolis, April 27 - Arizona State University defeased $82.13 million of its system revenue refunding bonds, series 2002, according to two releases.

The following bonds will be redeemed at 101 on July 1:

• $645,000 of 4.25% bonds due July 1, 2013;

• $650,000 of 4.4% bonds due July 1, 2014;

• $985,000 of 4.5% bonds due July 1, 2015;

• $360,000 of 4.6% bonds due July 1, 2016;

• $735,000 of 4.625% bonds due July 1, 2017;

• $770,000 of 4.7% bonds due July 1, 2018;

• $815,000 of 4.8% bonds due July 1, 2019;

• $13.42 million of 5.25% bonds due July 1, 2013;

• $14.16 million of 5.25% bonds due July 1, 2014;

• $14,175,000 of 5.25% bonds due July 1, 2015; and

• $7.64 million of 5.25% bonds due July 1, 2016.

The following bonds will be redeemed at par on July 1:

• $555,000 of 4.4% bonds due July 1, 2013;

• $2,325,000 of 5.5% bonds due July 1, 2013;

• $250,000 of 4.5% bonds due July 1, 2014;

• $780,000 of 4.6% bonds due July 1, 2015;

• $250,000 of 4.625% bonds due July 1, 2016;

• $100,000 of 4.8% bonds due July 1, 2018;

• $175,000 of 4.875% bonds due July 1, 2019;

• $4,635,000 of 5% bonds due July 1, 2022;

• $4,865,000 of 5% bonds due July 1, 2023;

• $5.11 million of 5% bonds due July 1, 2024;

• $5,365,000 of 5% bonds due July 1, 2025; and

• $3,365,000 of 5.125% bonds due July 1, 2027.

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


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