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Published on 5/18/2012 in the Prospect News Liability Management Daily and Prospect News Municipals Daily.

Fort Lauderdale, Fla., defeases $68.94 million water and sewer bonds

By Tali David

Minneapolis, May 18 - The City of Fort Lauderdale, Fla., defeased $68,935,000 of its series 2003 water and sewer revenue bonds, according to a notice.

The bonds, which are due 2013 through 2023, 2025 and 2028, will be redeemed at par plus accrued interest on March 1, 2013.

Regions Bank is the escrow agent.


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