Prosper ISD, Texas, defeases some school building, refunding bonds

By Tali Rackner

Norfolk, Va., May 14 – The Prosper Independent School District, Texas, partially defeased its series 2008 unlimited tax school building and refunding bonds, according to a notice.

The following will be redeemed at par plus accrued interest on Feb. 15, 2017:

• $880,000 of 5% bonds due Feb. 15, 2018;

• $920,000 of 4% bonds due Feb. 15, 2019;

• $965,000 of 4.125% bonds due Feb. 15, 2020;

• $1.01 million of 5% bonds due Feb. 15, 2021;

• $1,065,000 of 5% bonds due Feb. 15, 2022;

• $1,115,000 of 5% bonds due Feb. 15, 2023;

• $1.67 million of 5% bonds due Feb. 15, 2024;

• $1,855,000 of 5% bonds due Feb. 15, 2025;

• $1.96 million of 5% bonds due Feb. 15, 2026;

• $2.06 million of 5% bonds due Feb. 15, 2027;

• $1,715,000 of 5% bonds due Feb. 15, 2028;

• $1.83 million of 5% bonds due Feb. 15, 2029;

• $8,125,000 of 5% bonds due Feb. 15, 2033;

• $12,675,000 of 5% bonds due Feb. 15, 2038;

• $23.55 million of 5% bonds due Feb. 15, 2041; and

• $23.12 million of 5% bonds due Feb. 15, 2043.

U.S. Bank NA is the agent.

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