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Published on 4/19/2016 in the Prospect News Liability Management Daily and Prospect News Municipals Daily.

District of Columbia defeases series 2006B-1 ballpark revenue bonds

By Tali Rackner

Norfolk, Va., April 19 – The District of Columbia defeased its series 2006B-1 ballpark revenue bonds, according to a notice.

The following will be redeemed at par plus accrued interest on May 12:

• $8,925,000 of 5% bonds due Feb. 1, 2020;

• $9,665,000 of 5% bonds due Feb. 1, 2021;

• $10.43 million of 5% bonds due Feb. 1, 2022;

• $11.25 million of 5% bonds due Feb. 1, 2023;

• $8.79 million of 4.625% bonds due Feb. 1, 2036;

• $1.7 million of 5% term bonds due Feb. 1, 2031; and

• $12.8 million of 5% term bonds due Feb. 1, 2035.

TD Bank, NA is the trustee.


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