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Scago Educational, S.C., defeases its 2006 installment purchase revs
By Tali Rackner
Norfolk, Va., April 13 – The Scago Educational Facilities Corp. for Pickens School District, S.C., defeased its series 2006 installment purchase revenue bonds, according to a notice.
The following will be redeemed at par plus accrued interest on Dec. 1, 2016:
• $11,465,000 of 5% bonds due Dec. 1, 2015;
• $12.05 million of 5% bonds due Dec. 1, 2016;
• $12.67 million of 5% bonds due Dec. 1, 2017;
• $13.32 million of 5% bonds due Dec. 1, 2018;
• $14 million of 5% bonds due Dec. 1, 2019;
• $14.72 million of 5% bonds due Dec. 1, 2020;
• $15,475,000 of 5% bonds due Dec. 1, 2021;
• $16,265,000 of 5% bonds due Dec. 1, 2022;
• $17.1 million of 5% bonds due Dec. 1, 2023;
• $17.98 million of 5% bonds due Dec. 1, 2024;
• $18.9 million of 5% bonds due Dec. 1, 2025;
• $62,235,000 of 4.5% bonds due Dec. 1, 2028; and
• $71.79 million of 5% bonds due Dec. 1, 2031.
Wells Fargo Bank, NA is the trustee.
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