Scago Educational, S.C., defeases Spartanburg revenue bonds

By Tali David

Minneapolis, Oct. 17 - The Scago Educational Facilities Corp. for Spartanburg School District No. 5, S.C., defeased its series 2005 installment purchase revenue bonds, according to a notice.

The following will be redeemed at maturity or on Oct. 1, 2015:

• $200,000 of 4% bonds due April 1, 2014;

• $6,035,000 of 5% bonds due April 1, 2014;

• $2.61 million of 4.125% bonds due April 1, 2015;

• $3,935,000 of 5% bonds due April 1, 2015;

• $545,000 of 4.25% bonds due April 1, 2016;

• $6,305,000 of 5% bonds due April 1, 2016;

• $1.3 million of 4.375% bonds due April 1, 2017;

• $5,885,000 of 5% bonds due April 1, 2017;

• $400,000 of 4.375% bonds due April 1, 2018;

• $7.14 million of 5% bonds due April 1, 2018;

• $7.91 million of 5% bonds due April 1, 2019;

• $8,305,000 of 5% bonds due April 1, 2020;

• $8,725,000 of 5% bonds due April 1, 2021; and

• $9.16 million of 4.6% bonds due April 1, 2022.

Wells Fargo Bank, NA is the agent.

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