East Baton Rouge, La., defeases $59.7 million road and street bonds

By Tali Rackner

Norfolk, Va., April 13 – East Baton Rouge, La., defeased $59,695,000 of its series 2009A road and street improvement sales tax revenue bonds, according to a Rule 15c2-12 filing with the Securities and Exchange Commission.

The following will be redeemed at par plus accrued interest on Aug. 1, 2019:

• $5,455,000 of 5% notes due Aug. 1, 2022;

• $5,165,000 of 5% notes due Aug. 1, 2023;

• $6.01 million of 5% notes due Aug. 1, 2024;

• $6.31 million of 5% notes due Aug. 1, 2025;

• $2.26 million of 5.25% notes due Aug. 1, 2026;

• $4,365,000 of 5.125% notes due Aug. 1, 2026;

• $6.97 million of 5.25% notes due Aug. 1, 2027;

• $7,335,000 of 5.25% notes due Aug. 1, 2028;

• $7.68 million of 5.5% notes due Aug. 1, 2029;

• $2.48 million of 5.625% notes due Aug. 1, 2030; and

• $5,665,000 of 5.5% notes due Aug. 1, 2030.

The Bank of New York Mellon Trust Co., NA is the escrow 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.