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Published on 6/14/2013 in the Prospect News Liability Management Daily and Prospect News Municipals Daily.

Dorchester County School, S.C., defeases $113.17 million of 2004 bonds

By Tali David

Minneapolis, June 14 - The Dorchester County School District No. 2, S.C., defeased $113,165,000 of its series 2004 installment purchase revenue bonds, according to a notice.

The following will be redeemed at par accrued interest on Dec. 1, 2014:

• $490,000 of 4% bonds due Dec. 1, 2013;

• $425,000 of 4% bonds due Dec. 1, 2014;

• $1,575,000 of 4% bonds due Dec. 1, 2015;

• $1,535,000 of 4% bonds due Dec. 1, 2016;

• $4,995,000 of 5.25% bonds due Dec. 1, 2017;

• $5,535,000 of 5.25% bonds due Dec. 1, 2018;

• $6.11 million of 5.25% bonds due Dec. 1, 2019;

• $6,725,000 of 5.25% bonds due Dec. 1, 2020;

• $7.38 million of 5.25% bonds due Dec. 1, 2021;

• $8,075,000 of 5.25% bonds due Dec. 1, 2022;

• $8.81 million of 5.25% bonds due Dec. 1, 2023;

• $9.61 million of 5.25% bonds due Dec. 1, 2024; and

• $51.9 million of 5.25% bonds due Dec. 1, 2029.


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