Iowa Finance defeases state revolving fund bonds, series 2007-2009

By Wendy Van Sickle

Columbus, Ohio, June 24 – The Iowa Finance Authority has defeased several Iowa State Revolving Fund revenue bonds issued from 2007 to 2009, according to three notices.

The following bonds dated Oct. 1, 2007 have been defeased and outstanding bonds will be redeemed at par plus accrued interest on Aug. 1, 2017:

• $3,905,000 of 5% bonds due 2015;

• $25,000 of 4% bonds due 2015;

• $2,335,000 of 5% bonds due 2016;

• $1,825,000 of 4% bonds due 2016;

• $4.39 million of 5% bonds due 2017;

• $50,000 of 4% bonds due 2017;

• $4.71 million of 5% bonds due 2018;

• $20,000 of 4% bonds due 2018;

• $5,045,000 of 4.375% bonds due 2019;

• $5.39 million of 4.5% bonds due 2020;

• $5,615,000 of 5% bonds due 2021;

• $5.16 million of 5% bonds due 2022;

• $5.54 million of 5% bonds due 2023;

• $5,035,000 of 5% bonds due 2024; and

• $580,000 of 5% bonds due 2025.

The following bonds dated Dec. 1, 2008 have been defeased and outstanding bonds will be redeemed at par plus accrued interest on Aug. 1, 2018:

• $4 million of 4% bonds due 2015;

• $5.5 million of 5% bonds due 2015;

• $2,375,000 of 4% bonds due 2016;

• $7.2 million of 5% bonds due 2016;

• $2,575,000 of 4.25% bonds due 2017;

• $6.5 million of 5% bonds due 2017;

• $6,055,000 of 4.5% bonds due 2018;

• $3.2 million of 5% bonds due 2018;

• $1 million of 4.5% bonds due 2019;

• $3,845,000 of 4.375% bonds due 2019;

• $9.82 million of 5.25% bonds due 2020;

• $150,000 of 4.625% bonds due 2020;

• $10.32 million of 5.25% bonds due 2021;

• $10.81 million of 5.5% bonds due 2022;

• $10.26 million of 5.25% bonds due 2023;

• $7,745,000 of 5.5% bonds due 2024;

• $3 million of 5.15% bonds due 2024;

• $6.5 million of 6% bonds due 2025;

• $8.25 million of 5.5% bonds due 2026;

• $1,745,000 of 5.125% bonds due 2026;

• $4.4 million of 6% bonds due 2027; and

• $6,675,000 of 5.25% bonds due 2028.

The following bonds dated Dec. 1, 2009 have been defeased and outstanding bonds will be redeemed at par plus accrued interest on Aug. 1, 2019:

• $1 million of 3% bonds due 2015;

• $2.12 million of 4% bonds due 2015;

• $3.3 million of 5% bonds due 2015;

• $1 million of 3% bonds due 2016;

• $3 million of 4% bonds due 2016;

• $2.78 million of 5% bonds due 2016;

• $750,000 of 3% bonds due 2017;

• $3.26 million of 4% bonds due 2017;

• $3,275,000 of 5% bonds due 2017;

• $295,000 of 3% bonds due 2018;

• $3.33 million of 4% bonds due 2018;

• $4 million of 5% bonds due 2018;

• $1,925,000 of 3.25% bonds due 2019;

• $1,925,000 of 4.5% bonds due 2019;

• $3.85 million of 5% bonds due 2019;

• $340,000 of 4% bonds due 2020;

• $7.83 million of 5% bonds due 2020;

• $8.68 million of 5% bonds due 2021;

• $9.15 million of 5% bonds due 2022;

• $9,495,000 of 5% bonds due 2023;

• $9,515,000 of 5% bonds due 2024;

• $10.05 million of 5% bonds due 2025;

• $7,105,000 of 5% bonds due 2026;

• $8,325,000 of 5% bonds due 2027;

• $10.68 million of 5% bonds due 2028;

• $4,805,000 of 4.125% bonds due 2029; and

• $5 million of 5% bonds due 2029.

All bonds have a maturity date of Aug. 1 of their respective years.

Wells Fargo Bank, NA is the trustee.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.