Portland, Ore., defeases 2006A second-lien water system revenue bonds

By Marisa Wong

Madison, Wis., May 6 - City of Portland, Ore., defeased its 2006 series A second-lien water system revenue bonds on May 2, according to a notice.

The defeased bonds include the following:

• $2,005,000 of 5% bonds due Oct. 1, 2013;

• $2,105,000 of 5% bonds due Oct. 1, 2014;

• $2,215,000 of 5% bonds due Oct. 1, 2015;

• $2.32 million of 4.5% bonds due Oct. 1, 2016;

• $2.43 million of 4.5% bonds due Oct. 1, 2017;

• $2.54 million of 4.5% bonds due Oct. 1, 2018;

• $2.65 million of 4% bonds due Oct. 1, 2019;

• $2.76 million of 4.125% bonds due Oct. 1, 2020;

• $2,875,000 of 4.125% bonds due Oct. 1, 2021;

• $3 million of 4.25% bonds due Oct. 1, 2022;

• $3.13 million of 4.25% bonds due Oct. 1, 2023;

• $3.27 million of 4.375% bonds due Oct. 1, 2024;

• $3,415,000 of 4.375% bonds due Oct. 1, 2025;

• $3,565,000 of 4.25% bonds due Oct. 1, 2026;

• $3,725,000 of 4.5% bonds due Oct. 1, 2027;

• $3,895,000 of 4.5% bonds due Oct. 1, 2028;

• $4.07 million of 4.25% bonds due Oct. 1, 2029; and

• $8.7 million of 4.5% bonds due Oct. 1, 2031.

The bonds due 2017 through 2031 will be redeemed on Oct. 1, 2016.

U.S. Bank NA is the agent.

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