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Jacksonville Port Authority defeases $65.02 million of revenue bonds
By Ashley Montgomery
Kansas City, Kan., Sept. 26 - Jacksonville Port Authority of Florida has defeased $65.02 million of its series 2008 revenue bonds due Nov. 1, 2038, according to a notice.
The bonds will be redeemed on Nov. 1 at par plus accrued interest to the redemption date.
As previously reported, the authority said it would finance the bond refund with proceeds from its $87.41 million issuance of 2012 AMT revenue and refunding bonds.
Wells Fargo Bank, NA is the agent.
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