Metropolitan Atlanta Rapid Transit defeases $20.13 million 2003A bonds

By Tali David

Minneapolis, May 25 - The Metropolitan Atlanta Rapid Transit Authority defeased $20.13 million of its sales tax revenue bonds (second indenture series), series 2003A, according to a material event notice.

The following bonds will be redeemed at par plus accrued interest on July 1, 2013:

• $1.06 million of 3.5% bonds due July 1, 2014;

• $1.07 million of 3.625% bonds due July 1, 2015;

• $1.07 million of 3.75% bonds due July 1, 2016;

• $3.92 million of 5% bonds due July 1, 2017;

• $4.13 million of 5% bonds due July 1, 2018;

• $4.34 million of 4.75% bonds due July 1, 2019; and

• $4.54 million of 4.125% bonds due July 1, 2020.

U.S. Bank NA is the trustee.

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