Phoenix calls all series 2002 Civic Improvement water system bonds

By Marisa Wong

Madison, Wis., June 4 - The City of Phoenix said it will redeem all of its outstanding series 2002 Civic Improvement Corp. junior-lien water system revenue bonds on July 1.

The following $175.57 million of bonds will be redeemed at par plus accrued interest to the redemption date:

• $8,735,000 of 5.5% bonds due July 1, 2013;

• $9,215,000 of 5.5% bonds due July 1, 2014;

• $9,725,000 of 5.5% bonds due July 1, 2015;

• $10.26 million of 5.5% bonds due July 1, 2016;

• $10.82 million of 5.5% bonds due July 1, 2017;

• $11,415,000 of 5% bonds due July 1, 2018;

• $11.99 million of 5.5% bonds due July 1, 2019;

• $12.65 million of 5.5% bonds due July 1, 2020;

• $27,355,000 of 5% bonds due July 1, 2022; and

• $63,405,000 of 5% bonds due July 1, 2026.

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