Georgia defeases $146.35 million of series 2004B, 2005A G.O. bonds

By Tali David

Minneapolis, July 18 - The State of Georgia defeased $146.35 million of its series 2004B and 2005A general obligation bonds, according to a provision for payment notice.

The following bonds will be redeemed at par plus accrued interest:

• $12.72 million of 5% 2004B bonds due March 1, 2015, to be redeemed on March 1, 2014;

• $18.24 million of 4% 2004B bonds due March 1, 2022, to be redeemed on March 1, 2014;

• $19.12 million of 4.2% 2004B bonds due March 1, 2023, to be redeemed on March 1, 2014;

• $30.39 million of 4% 2005A bonds due Sept. 1, 2021, to be redeemed Sept. 1, 2015;

• $32.06 million of 4% 2005A bonds due Sept. 1, 2022, to be redeemed Sept. 1, 2015; and

• $33.82 million of 5% 2005A bonds due Sept. 1, 2023, to be redeemed Sept. 1, 2015.

The Bank of New York Mellon is the escrow agent.

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