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Published on 7/23/2013 in the Prospect News Liability Management Daily and Prospect News Municipals Daily.

Texas Water Development calls $109.31 million 1998A and 1999B bonds

By Tali David

Minneapolis, July 23 - Texas Water Development Board called $109.31 million of its series 1998A and 1999B state revolving fund senior-lien revenue bonds, according to two notices.

The 1998A bonds will be redeemed at par plus accrued interest on Aug. 23:

• $13.48 million of 5.25% bonds due July 15, 2015;

• $13 million of 5% bonds due July 15, 2016;

• $8.82 million of 5% bonds due July 15, 2017;

• $4.68 million of 5% bonds due July 15, 2018; and

• $17 million of 4.75% bonds due July 15, 2020.

The 1999B bonds will be redeemed at par plus accrued interest on Aug. 23:

• $14,555,000 of 5.5% bonds due July 15, 2015;

• $15.52 million of 5.375% bonds due July 15, 2016;

• $17.96 million of 5.25% bonds due July 15, 2017; and

• $4,295,000 of 5.625% bonds due July 15, 2021.

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


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