Virginia Resources defeases $18.48 million of infrastructure bonds

By Tali David

Minneapolis, Aug. 13 - Virginia Resources Authority defeased $18,475,000 of its series 2005 Virginia Pooled Financing Program infrastructure revenue bonds, according to multiple notices.

The authority will redeem $3,955,000 of series 2005B subordinate bonds, $10.26 million of series 2005C senior bonds and $4.26 million of series 2005C subordinated bonds at par plus accrued interest on Nov. 1, 2015.

U.S. Bank NA is the escrow agent.

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