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Published on 5/4/2012 in the Prospect News Liability Management Daily and Prospect News Municipals Daily.

School Board of Orange County, Fla., defeases $161.54 million COPs

By Tali David

Minneapolis, May 4 - The School Board of Orange County, Fla., defeased $75,315,000 of its series 2001A certificates of participation and $86,225,000 of its series 2002A COPs, according to two notices.

The following 2001A COPs will be redeemed on Aug. 1:

• $12,055,000 of 5.25% bonds due Aug. 1, 2012;

• $3 million of 4% bonds due Aug. 1, 2013;

• $2,785,000 of 4.3% bonds due Aug. 1, 2014;

• $19,855,000 of 5.25% bonds due Aug. 1, 2015;

• $21,495,000 of 5.25% bonds due Aug. 1, 2016;

• $3,385,000 of 4.6% bonds due Aug. 1, 2017;

• $3.64 million of 4.7% bonds due Aug. 1, 2018;

• $4,445,000 of 4.75% bonds due Aug. 1, 2019; and

• $4,655,000 of 4.75% bonds due Aug. 1, 2020.

The following 2002A COPs will be redeemed on Aug. 1:

• $2.25 million of 4.25% bonds due Aug. 1, 2013;

• $2.33 million of 4.375% bonds due Aug. 1, 2014;

• $150,000 of 4.6% bonds due Aug. 1, 2015;

• $340,000 of 4.65% bonds due Aug. 1, 2016;

• $545,000 of 4.7% bonds due Aug. 1, 2017;

• $205,000 of 4.8% bonds due Aug. 1, 2018; and

• $80,435,000 of 5% bonds due Aug. 1, 2027.

U.S. Bank NA is the escrow agent.


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