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Published on 4/17/2015 in the Prospect News Liability Management Daily and Prospect News Municipals Daily.

Los Angeles to redeem 2005-A wastewater system revenue refunding bonds

By Tali Rackner

Norfolk, Va., April 17 – The City of Los Angeles announced the planned redemption for its series 2005-A wastewater system revenue refunding bonds, according to two notices.

The following refunded 1 bonds will be redeemed at par plus accrued interest on June 1:

• $92,755,000 of 5% bonds due June 1, 2034; and

• $49,885,000 of 4.75% bonds due June 1, 2035.

The following refunded 2 bonds will be redeemed at par plus accrued interest on June 1:

• $10.46 million of 4.5% bonds due June 1, 2029;

• $10.96 million of 5% bonds due June 1, 2030;

• $11.54 million of 5% bonds due June 1, 2031;

• $12,055,000 of 5% bonds due June 1, 2032;

• $8,465,000 of 5% bonds due June 1, 2034; and

• $4.55 million of 5% bonds due June 1, 2035.

U.S. Bank NA is the trustee or agent.


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