Birmingham Waterworks, Ala., defeases $70.55 million of revenue bonds

By Tali Rackner

Norfolk, Va., April 22 – The Birmingham Waterworks & Sewer Board, Ala., defeased $70.55 million of its series 2006-A water and sewer revenue bonds in full, according to a notice.

The following will be redeemed at par plus accrued interest on Jan. 1, 2016:

• $19.73 million of 4.5% bonds due Jan. 1, 2035;

• $35.76 million of 5% bonds due Jan. 1, 2040; and

• $15.06 million of 5% bonds due Jan. 1, 2043.

U.S. Bank NA is the agent.

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