Los Angeles Water and Power defeases $437.89 million of bonds

By Marisa Wong

Madison, Wis., April 24 – The Department of Water and Power of the City of Los Angeles gave notice that it defeased a portion of its power system revenue bonds, 2005 series A, subseries A-1 and subseries A-2.

The following bonds will be redeemed on July 1:

• $495,000 of 4.5% subseries A-1 bonds due July 1, 2031;

• $69.66 million of 5% subseries A-1 bonds due July 1, 2031;

• $27,175,000 of 4.75% subseries A-1 bonds due July 1, 2036;

• $28,485,000 of 4.625% subseries A-1 bonds due July 1, 2037;

• $189.47 million of 5% subseries A-1 bonds due July 1, 2035;

• $5 million of 5% subseries A-1 bonds due July 1, 2040;

• $32.1 million of 4.75% subseries A-2 bonds due July 1, 2028;

• $24.5 million of 4.5% subseries A-2 bonds due July 1, 2029; and

• $61 million of 4.75% subseries A-2 bonds due July 1, 2030.

U.S. Bank NA is the agent.

© 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.