District of Columbia defeases series 2003 general obligation bonds

By Ashley Montgomery

Kansas City, Kan., Dec. 20 - The District of Columbia said it defeased portions of its series 2003A and 2003B general obligation bonds.

The bonds will be redeemed June 1, 2013.

The following series 2003A bonds are affected:

• $12.09 million of 5% bonds due June 1, 2015;

• $17.86 million of 4.75% bonds due June 1, 2023;

• $18.71 million of 4.75% bonds due June 1, 2024;

• $19,595,000 of 4.75% bonds due June 1, 2025;

• $20.53 million of 4.75% bonds due June 1, 2026; and

• $21,505,000 of 4.75% bonds due June 1, 2027.

The following series 2003B bonds are affected:

• $11.53 million of 5% bonds due June 1, 2015; and

• $14,015,000 of 4.375% bonds due June 1, 2019.

The bonds are no longer considered outstanding.

Wells Fargo Bank, NA is the agent.

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