Phoenix announces defeasance of various G.O. bonds from three series

By Ashley Montgomery

Kansas City, Kan., June 26 - The City of Phoenix has defeased its series 2004, 2005B and 2007A various purpose general obligation bonds, according to a notice.

The following series 2004 bonds are affected:

• $2.98 million 4.5% bonds due July 2015;

• $8.66 million 4.75% bonds due July 2016;

• $9.07 million 4.5% bonds due July 2017;

• $9.48 million 4.5% bonds due July 2018;

• $9,905,000 4.5% bonds due July 2019;

• $10.35 million 4.5% bonds due July 2020;

• $10.82 million 4.5% bonds due July 2021; and

• $11,305,000 4.5% bonds due July 2022.

The following series 2005B bonds are affected:

• $6.19 million 4% bonds due July 2013.

The following series 2007A bonds are affected:

• $7,185,000 5% bonds due July 2013;

• $1.88 million 4% bonds due July 2013;

• $500,000 3.75% bonds due 2013; and

• $16,055,000 of 5% bonds due 2014.

The series 2004 bonds will be redeemed July 1, 2014. All other bonds will be redeemed at maturity.

U.S. Bank, NA is the trustee.

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