Leander School District calls $189.22 million series 2009 bonds

By Tanya Meyer

Chicago, Feb. 8 – Leander Independent School District announced it has defeased three series of bonds and will redeem those and a fourth series.

The district has defeased and plans to redeem $121.68 million principal amount at maturity of its series 2010A unlimited tax school building bonds, according to a notice.

The following bonds, originally issued on Dec. 16, 2010, will be partially redeemed on Aug. 15, 2020 for the following principal amounts at maturity. The district will pay par plus accrued interest up to, but excluding, the redemption date:

• $6,890,000 of 0% bonds due Aug. 15, 2021;

• $5,705,000 of 0% bonds due Aug. 15, 2022;

• $5,485,000 of 0% bonds due Aug. 15, 2023;

• $6,080,000 of 0% bonds due Aug. 15, 2024;

• $14,895,000 of 0% bonds due Aug. 15, 2025;

• $15,575,000 of 0% bonds due Aug. 15, 2026;

• $16,765,000 of 0% bonds due Aug. 15, 2027;

• $16,760,000 of 0% bonds due Aug. 15, 2028;

• $16,765,000 of 0% bonds due Aug. 15, 2029; and

• $16,760,000 of 0% bonds due Aug. 15, 2030.

U.S. Bank, NA is the trustee.

Leander Independent School District has also defeased and plans to redeem $22,415,000 of its series 2009 unlimited tax school building bonds, according to a notice.

The following bonds, originally issued on June 1, 2009, will be redeemed Aug. 15, 2018 plus accrued interest up to, but excluding, the redemption date:

• $1,000,000 of 3.75% bonds due Aug. 15, 2019;

• $1,040,000 of 4% bonds due Aug. 15, 2020;

• $1,080,000 of 4% bonds due Aug. 15, 2021;

• $1,125,000 of 4.125% bonds due Aug. 15, 2022;

• $1,170,000 of 4.25% bonds due Aug. 15, 2023;

• $1,220,000 million of 4.375% bonds due Aug. 15, 2024;

• $1,275,000 million of 4.5% bonds due Aug. 15, 2025;

• $1,330,000 of 4.5% bonds due Aug. 15, 2026;

• $1,390,000 of 4.625% bonds due Aug. 15, 2027;

• $1,455,000 of 4.625% bonds due Aug. 15, 2028;

• $1,525,000 of 4.625% bonds due Aug. 15, 2029; and

• $8,805,000 of 5% bonds due Aug. 15, 2034.

U.S. Bank, NA is the trustee.

In addition the district has has defeased and plans to redeem $45,115,000 million of its series 2010 unlimited tax school building bonds, according to a notice.

The following bonds, originally issued on April 1, 2010, will be redeemed for an aggregate amount of $22,415,000 on Aug. 15, 2019 plus accrued interest up to, but excluding, the redemption date:

• $1,375,000 of 3% bonds due Aug. 15, 2020;

• $1,420,000 of 5% bonds due Aug. 15, 2021;

• $1,485,000 of 5% bonds due Aug. 15, 2022;

• $1,565,000 of 5% bonds due Aug. 15, 2023;

• $1,640,000 of 4% bonds due Aug. 15, 2024;

• $1,705,000 million of 5% bonds due Aug. 15, 2025;

• $1,790,000 million of 4% bonds due Aug. 15, 2026;

• $1,865,000 of 5% bonds due Aug. 15, 2027;

• $1,955,000 of 5% bonds due Aug. 15, 2028;

• $2,055,000 of 4% bonds due Aug. 15, 2029;

• $2,135,000 of 5% bonds due Aug. 15, 2030;

• $2,245,000 of 5% bonds due Aug. 15, 2031;

• $10,155,000 of 5% bonds due Aug. 15, 2035; and

• $15,820,000 of 5% bonds due Aug. 15, 2040;

The following bonds, originally issued on April 20, 2010, will also be redeemed for an aggregate amount of $27.2 million on Aug. 15, 2019 plus accrued interest up to, but excluding, the redemption date:

• $5,440,000 of bonds due Aug. 15, 2020;

• $5,440,000 of bonds due Aug. 15, 2021;

• $5,440,000 of bonds due Aug. 15, 2022;

• $5,440,000 of bonds due Aug. 15, 2023; and

• $5,440,000 of bonds due Aug. 15, 2024.

U.S. Bank, NA is the trustee.

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