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Published on 3/13/2015 in the Prospect News Liability Management Daily and Prospect News Municipals Daily.

Texas Transportation defeases series 2006A mobility fund G.O. bonds

By Tali Rackner

Norfolk, Va., March 13 – The Texas Transportation Commission defeased its series 2006A general obligation mobility fund bonds, according to a notice.

The following will be redeemed at par plus accrued interest on April 1, 2017:

• $12.49 million of 5% bonds due April 1, 2018;

• $16,305,000 of 5% bonds due April 1, 2019;

• $20.34 million of 5% bonds due April 1, 2020;

• $24,655,000 of 5% bonds due April 1, 2021;

• $29,195,000 of 5% bonds due April 1, 2022;

• $34,015,000 of 5% bonds due April 1, 2023;

• $39,105,000 of 5% bonds due April 1, 2024;

• $44.53 million of 5% bonds due April 1, 2025;

• $50.24 million of 4.5% bonds due April 1, 2026;

• $56,035,000 of 5% bonds due April 1, 2027;

• $68,865,000 of 5% bonds due April 1, 2029; and

• $83,055,000 of 5% bonds due April 1, 2031.

Wells Fargo Bank, NA is the paying agent.


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