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Prospect News home > News index > List of issuers T > Headlines for Tenders 2012 > News item
Published on 7/18/2012 in the Prospect News Liability Management Daily and Prospect News Municipals Daily.

San Ramon Valley, Calif., school district defeases G.O. bond series

By Ashley Montgomery

Kansas City, Kan., July 18 - The San Ramon Valley Unified Elementary School District of California defeased its election of 2002, series 2003, 2004 and 2006 general obligation bonds, according to multiple notices.

The refunded bonds will be redeemed at par in 2013, 2014 and 2016.

The following series 2003 bonds will be redeemed on Aug. 1, 2013:

• $1.4 million of 3.75% bonds due Aug. 1, 2014;

• $1,525,000 of 4% bonds due Aug. 1, 2015;

• $1,885,000 of 4.5% bonds due Aug. 1, 2016;

• $2,275,000 of 5% bonds due Aug. 1, 2017;

• $2.81 million of 5% bonds due Aug. 1, 2018;

• $3.28 million of 4.25% bonds due Aug. 1, 2019;

• $18,365,000 of 5% bonds due Aug. 1, 2023; and

• $27.41 million of 5.4% bonds due Aug. 1, 2028.

The following series 2004 bonds will be redeemed on Aug. 1, 2014:

• $1,835,000 of 5% bonds due Aug. 1, 2014;

• $3.8 million of 5.25% bonds due Aug. 1, 2015;

• $5 million of 5.25% bonds due Aug. 1, 2016;

• $6,105,000 of 5.25% bonds due Aug. 1, 2017;

• $6.5 million of 5.25% bonds due Aug. 1, 2018;

• $6.9 million of 5.25% bonds due Aug. 1, 2019;

• $7 million of 5.25% bonds due Aug. 1, 2020;

• $7,455,000 of 5% bonds due Aug. 1, 2021;

• $22,275,000 of 5% bonds due Aug. 1, 2024;

• $12.8 million of 5% bonds due Aug. 1, 2026; and

• $16,505,000 of 5% bonds due Aug. 1, 2029.

The following series 2006 bonds will be redeemed on Aug. 1, 2016:

• $3.67 million of 5.25% bonds due Aug. 1, 2018;

• $4,635,000 of 5.25% bonds due Aug. 1, 2019;

• $4,175,000 of 5.25% bonds due Aug. 1, 2020; and

• $4.79 million of 5% bonds due Aug. 1, 2021.

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


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