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Palm Coast, Fla., defeases series 2003 utility system revenue bonds
By Marisa Wong
Madison, Wis., July 12 - City of Palm Coast, Fla., defeased its series 2003 utility system revenue bonds on July 9, according to a notice.
The defeased bonds include the following:
• $2,355,000 of 5% bonds due Oct. 1, 2014;
• $2.47 million of 5% bonds due Oct. 1, 2015;
• $2,595,000 of 5% bonds due Oct. 1, 2016;
• $2,725,000 of 5.25% bonds due Oct. 1, 2017;
• $2,865,000 of 5.25% bonds due Oct. 1, 2018;
• $3,015,000 of 5.25% bonds due Oct. 1, 2019;
• $3,175,000 of 5.25% bonds due Oct. 1, 2020;
• $3.34 million of 5.25% bonds due Oct. 1, 2021;
• $3.52 million of 5% bonds due Oct. 1, 2022;
• $3,695,000 of 5% bonds due Oct. 1, 2023;
• $3.88 million of 5% bonds due Oct. 1, 2024;
• $12,835,000 of 5% bonds due Oct. 1, 2027;
• $9,655,000 of 4.75% bonds due Oct. 1, 2029; and
• $22.29 million of 5% bonds due Oct. 1, 2033.
The defeased bonds will be redeemed on Oct. 1 at par plus accrued interest.
Wells Fargo Bank, NA is the agent.
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