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Los Angeles defeases $243.69 million of 2004-A, 2005-A G.O. bonds
By Tali David
Minneapolis, July 24 - The City of Los Angeles defeased $243.69 million of its series 2004-A and 2005-A general obligation bonds, according to a defeasance notice.
The city will redeem $180.29 million of 2004-A bonds on Sept. 1, 2014. The bonds are due Sept. 1, 2015 through 2024.
It will also redeem $63.4 million of 2005-A bonds on Sept. 1, 2015. The bonds are due Sept. 1, 2016 through 2025
All of the bonds will be redeemed at par plus accrued interest to the redemption date.
U.S. Bank NA is the trustee and escrow agent.
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