Texas Water Development calls its water financial assistance bonds

By Tali David

Minneapolis, Dec. 19 - The Texas Water Development Board plans to redeem 10 series of its State of Texas water financial assistance and refunding bonds, according to a notice.

The bonds will be redeemed at par plus accrued interest on Jan. 21.

The following series 2000 refunding and financial assistance bonds will be redeemed:

• $1.81 million of 5.8% bonds due Aug. 1, 2019; and

• $7,445,000 of 5.75% bonds due Aug. 1, 2022.

The following series 2000A financial assistance bonds will be redeemed:

• $275,000 of 5.3% bonds due Aug. 1, 2018;

• $255,000 of 5.35% bonds due Aug. 1, 2019; and

• $655,000 of 5.25% bonds due Aug. 1, 2022.

The following series 2002A AMT financial assistance bonds will be redeemed:

• $205,000 of 5.25% bonds due Aug. 1, 2019;

• $490,000 of 5.3% bonds due Aug. 1, 2020;

• $515,000 of 5.3% bonds due Aug. 1, 2021;

• $2.34 million of 5.25% bonds due Aug. 1, 2025;

• $5.47 million of 5.4% bonds due Aug. 1, 2032; and

• $10.79 million of 5.5% bonds due Aug. 1, 2041.

The following series 2002B financial assistance and refunding bonds will be redeemed:

• $2,335,000 of 5.25% bonds due Aug. 1, 2019;

• $4,525,000 of 5.25% bonds due Aug. 1, 2020;

• $5,585,000 of 5.25% bonds due Aug. 1, 2021;

• $5,875,000 of 5.25% bonds due Aug. 1, 2022; and

• $11.94 million of 5.25% bonds due Aug. 1, 2024.

The following series 2002C economically distressed areas program financial assistance bonds will be redeemed:

• $1.05 million of 5.375% bonds due Aug. 1, 2014;

• $1,105,000 of 5.1% bonds due Aug. 1, 2015;

• $1.16 million of 5.375% bonds due Aug. 1, 2016;

• $1.22 million of 5.375% bonds due Aug. 1, 2017;

• $1.29 million of 5.375% bonds due Aug. 1, 2018;

• $1,355,000 of 5.375% bonds due Aug. 1, 2019;

• $1.43 million of 5.375% bonds due Aug. 1, 2020;

• $1,505,000 of 4.9% bonds due Aug. 1, 2021;

• $1.58 million of 4.9% bonds due Aug. 1, 2022;

• $1.66 million of 5% bonds due Aug. 1, 2023; and

• $1.74 million of 5% bonds due Aug. 1, 2024.

The following series 2002D state participation program financial assistance bonds will be redeemed:

• $925,000 of 4.9% bonds due Aug. 1, 2022;

• $970,000 of 5% bonds due Aug. 1, 2023;

• $1.02 million of 5% bonds due Aug. 1, 2024;

• $3,375,000 of 5% bonds due Aug. 1, 2027;

• $3,915,000 of 5.125% bonds due Aug. 1, 2030; and

• $9,795,000 of 5% bonds due Aug. 1, 2036.

The following series 2002E financial assistance bonds will be redeemed:

• $790,000 of 5.375% bonds due Aug. 1, 2014;

• $830,000 of 5.1% bonds due Aug. 1, 2015;

• $870,000 of 5.375% bonds due Aug. 1, 2016;

• $920,000 of 5.375% bonds due Aug. 1, 2017;

• $970,000 of 5.375% bonds due Aug. 1, 2018;

• $1.02 million of 5.375% bonds due Aug. 1, 2019;

• $1 million of 5.375% bonds due Aug. 1, 2020;

• $1,135,000 of 4.9% bonds due Aug. 1, 2021;

• $1.19 million of 4.9% bonds due Aug. 1, 2022;

• $1,245,000 of 5% bonds due Aug. 1, 2023; and

• $1.31 million of 5% bonds due Aug. 1, 2024.

The following series 2003A AMT financial assistance bonds will be redeemed:

• $360,000 of 4.125% bonds due Aug. 1, 2014;

• $375,000 of 4.25% bonds due Aug. 1, 2015;

• $390,000 of 4.375% bonds due Aug. 1, 2016;

• $2,775,000 of 5% bonds due Aug. 1, 2022;

• $545,000 of 5% bonds due Aug. 1, 2023;

• $3.18 million of 5% bonds due Aug. 1, 2028;

• $4.09 million of 5.375% bonds due Aug. 1, 2033; and

• $10.56 million of 5.125% bonds due Aug. 1, 2042.

The following series 2003B taxable financial assistance and refunding bonds will be redeemed:

• $735,000 of 4.45% bonds due Aug. 1, 2018;

• $1,095,000 of 4.57% bonds due Aug. 1, 2019;

• $1,145,000 of 4.6% bonds due Aug. 1, 2020; and

• $1,195,000 of 4.65% bonds due Aug. 1, 2021.

The following series 2003C financial assistance and refunding bonds will be redeemed:

• $35,000 of 3.3% bonds due Aug. 1, 2014;

• $1,675,000 of 5% bonds due Aug. 1, 2014;

• $1.68 million of 5% bonds due Aug. 1, 2015;

• $20,000 of 4% bonds due Aug. 1, 2019;

• $470,000 of 5% bonds due Aug. 1, 2019;

• $5,000 of 4.1% bonds due Aug. 1, 2020;

• $515,000 of 5% bonds due Aug. 1, 2020;

• $545,000 of 5% bonds due Aug. 1, 2021;

• $570,000 of 5% bonds due Aug. 1, 2022;

• $140,000 of 4.3% bonds due Aug. 1, 2023; and

• $470,000 of 5% bonds due Aug. 1, 2023.

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

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