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Published on 6/5/2012 in the Prospect News Liability Management Daily and Prospect News Municipals Daily.

Pittsburgh Water and Sewer calls $89.83 million revenue bonds in full

By Ashley Montgomery

Kansas City, Kan., June 5 - Pittsburgh Water and Sewer Authority redeemed all of its $89.83 million series 2002 water and sewer system first-lien revenue bonds, according to a news release.

The bonds were redeemed on June 1 at par.

The following bonds are affected:

• $2,665,000 5.5% bonds due Dec. 1, 2012;

• $2,815,000 5% bonds due Dec. 1, 2013;

• $2,955,000 5% bonds due Dec. 1, 2014;

• $3.1 million 5.5% bonds due Dec. 1, 2015;

• $3.27 million 5.5% bonds due Dec. 1, 2016;

• $3.45 million 4.75% bonds due Dec. 1, 2017;

• $3,615,000 5% bonds due Dec. 1, 2018;

• $3,795,000 5% bonds due Dec. 1, 2019;

• $3,985,000 5.25% bonds due Dec. 1, 2020;

• $4,195,000 5.25% bonds due Dec. 1, 2021;

• $4,415,000 5.25% bonds due Dec. 1, 2022;

• $4.65 million 5.25% bonds due Dec. 1, 2023;

• $21,125,000 5.125% bonds due Dec. 1, 2027; and

• $25,795,000 5.125% bonds due Dec. 1, 2031.

Bank of New York Mellon Trust Co., NA is the trustee.


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