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Virginia Resources defeases $6.94 million of its infrastructure bonds
By Tali David
Minneapolis, May 21 - Virginia Resources Authority defeased $6.94 million of its Virginia pooled financing program subordinate infrastructure revenue bonds, series 2004A and 2004B, according to two defeasance notices.
The authority defeased $6.54 million of its 5.125% series 2004A bonds. The bonds, which are due Nov. 1, 2034, will be redeemed at par plus accrued interest on Nov. 1, 2014.
The authority defeased $400,000 of its 4.5% series 2004B bonds. The bonds, which are due Nov. 1, 2035, will be redeemed at par plus accrued interest on Nov. 1, 2014.
U.S. Bank NA is the escrow agent.
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