Texas Transportation defeases $1.07 billion of mobility fund bonds

By Marisa Wong

Madison, Wis., July 7 – Texas Transportation Commission defeased portions of its State of Texas general obligation mobility fund bonds, series 2005-A and 2006, according to a notice.

The commission defeased $707.87 million of its 2005-A bonds and $364.58 million of its 2006 bonds.

The defeased bonds will be redeemed on April 1, 2015 at par plus accrued interest to the redemption date.

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

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