San Francisco defeases five series of general obligation bonds

By Tali Rackner

Norfolk, Va., March 2 – The City and County of San Francisco defeased various series of its general obligation bonds, according to multiple notices.

The following series 2009A San Francisco General Hospital improvement bonds will be redeemed at par plus accrued interest on June 15, 2019:

• $5,815,000 of 5.25% bonds due June 15, 2020;

• $6.12 million of 5.25% bonds due June 15, 2021;

• $6,445,000 of 5.25% bonds due June 15, 2022;

• $6.78 million of 5.25% bonds due June 15, 2023;

• $7,135,000 of 5.25% bonds due June 15, 2024;

• $7.51 million of 5.25% bonds due June 15, 2025;

• $7,905,000 of 5.25% bonds due June 15, 2026;

• $8.32 million of 5% bonds due June 15, 2027; and

• $17.91 million of 5% bonds due June 15, 2029.

The following series 2008A branch library facilities improvement bonds will be redeemed at par plus accrued interest on June 15, 2015:

• $1,365,000 of 4% bonds due June 15, 2016;

• $1.41 million of 4% bonds due June 15, 2017;

• $1,465,000 of 4% bonds due June 15, 2018;

• $1.52 million of 4% bonds due June 15, 2019;

• $1.58 million of 4% bonds due June 15, 2020;

• $1.65 million of 4% bonds due June 15, 2021;

• $1.72 million of 4.125% bonds due June 15, 2022;

• $1,795,000 of 4.25% bonds due June 15, 2023;

• $1,875,000 of 4.375% bonds due June 15, 2024;

• $1,965,000 of 4.375% bonds due June 15, 2025;

• $2,065,000 of 4.375% bonds due June 15, 2026;

• $2,175,000 of 4.5% bonds due June 15, 2027; and

• $2.29 million of 4.5% bonds due June 15, 2028.

The following series 2008B clean and safe neighborhood parks bonds will be redeemed at par plus accrued interest on June 15, 2015:

• $1.89 million of 4% bonds due June 15, 2016;

• $1.97 million of 4% bonds due June 15, 2017;

• $2,045,000 of 4% bonds due June 15, 2018;

• $2.13 million of 4% bonds due June 15, 2019;

• $2,215,000 of 4% bonds due June 15, 2020;

• $2.3 million of 4.125% bonds due June 15, 2021;

• $2,395,000 of 4.125% bonds due June 15, 2022;

• $2,495,000 of 4.25% bonds due June 15, 2023;

• $2.6 million of 4.25% bonds due June 15, 2024;

• $2,715,000 of 4.5% bonds due June 15, 2025;

• $2,835,000 of 4.5% bonds due June 15, 2026;

• $2.96 million of 4.5% bonds due June 15, 2027; and

• $3,095,000 of 4.5% bonds due June 15, 2028.

The following series 2008-R3 Laguna Honda Hospital bonds will be redeemed at par plus accrued interest on June 15, 2015:

• $10,715,000 of 5% bonds due June 15, 2022;

• $11.25 million of 5% bonds due June 15, 2023;

• $11.81 million of 5% bonds due June 15, 2024;

• $12.4 million of 5% bonds due June 15, 2025;

• $13.02 million of 5% bonds due June 15, 2026;

• $13,675,000 of 5% bonds due June 15, 2027;

• $14,355,000 of 5% bonds due June 15, 2028;

• $15,075,000 of 5% bonds due June 15, 2029; and

• $15.83 million of 4.625% bonds due June 15, 2030.

The following series 2010E earthquake safety and emergency response bonds will be redeemed at par plus accrued interest on June 15, 2020:

• $2,735,000 of 5% bonds due June 15, 2021;

• $2.87 million of 5% bonds due June 15, 2022;

• $3,105,000 of 5% bonds due June 15, 2023;

• $3,165,000 of 5% bonds due June 15, 2024;

• $3,455,000 of 5% bonds due June 15, 2026;

• $3.63 million of 5% bonds due June 15, 2027; and

• $3.81 million of 5% bonds due June 15, 2028.

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