Chicago defeases portion of 2004A G.O. project and refunding bonds

By Marisa Wong

Madison, Wis., June 29 - The City of Chicago said it defeased a portion of its series 2004A general obligation project and refunding bonds.

The following refunded bonds will be redeemed on Jan. 1, 2014 at par plus accrued interest to the redemption date:

• $7,845,000 of $12.91 million 5.25% bonds due Jan. 1, 2020;

• $3,605,000 of $5,385,000 5% bonds due Jan. 1, 2021;

• $8.33 million of $12.83 million 5.25% bonds due Jan. 1, 2021;

• $3.82 million of $5.65 million 5% bonds due Jan. 1, 2022;

• $8,835,000 of $13.5 million 5.25% bonds due Jan. 1, 2022;

• $4.04 million of $5,935,000 5% bonds due Jan. 1, 2023;

• $9,675,000 of $14.21 million 5% bonds due Jan. 1, 2023;

• $4.27 million of $6.23 million 5% bonds due Jan. 1, 2024;

• $10,225,000 of $14.92 million 5% bonds due Jan. 1, 2024; and

• $4.51 million of $6,545,000 5% bonds due Jan. 1, 2025.

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