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Published on 10/23/2013 in the Prospect News Liability Management Daily and Prospect News Municipals Daily.

Douglas County School District, Ga., defeases $65.2 million G.O. bonds

By Tali David

Minneapolis, Oct. 23 - The Douglas County School District, Ga., defeased $65.2 million of its series 2007 general obligation school bonds, according to a notice.

The following 5% bonds will be redeemed at par plus accrued interest on April 1, 2017:

• $4.53 million of bonds due April 1, 2019;

• $5,535,000 of bonds due April 1, 2020;

• $4,485,000 of bonds due April 1, 2021;

• $4,485,000 of bonds due April 1, 2022;

• $4,485,000 of bonds due April 1, 2023;

• $4,485,000 of bonds due April 1, 2024;

• $4.46 million of bonds due April 1, 2025;

• $16,135,000 of bonds due April 1, 2026; and

• $17.6 million of bonds due April 1, 2027.

U.S. Bank NA is the agent.


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