Metropolitan Washington Airports defeases 1998B, 1999A airport bonds

By Marisa Wong

Madison, Wis., Aug. 25 - The Metropolitan Washington Airports Authority said it has defeased and will redeem some of its series 1999A and 1998B airport system revenue refunding bonds.

The bonds were defeased as of July 28.

The bonds will be redeemed on Oct. 1 at the redemption price plus accrued interest up to the redemption date.

To be redeemed at par are the following 1998B bonds:

• $10.71 million of bonds due Oct. 1, 2011;

• $11.22 million of bonds due Oct. 1, 2012;

• $11.81 million of bonds due Oct. 1, 2013;

• $12.385 million of bonds due Oct. 1, 2014;

• $56.04 million of bonds due Oct. 1, 2018; and

• $85.66 million of bonds due Oct. 1, 2028.

To be redeemed at 100.5 are the following 1999A bonds:

• $3.51 million of bonds due Oct. 1, 2012;

• $3.885 million of bonds due Oct. 1, 2014;

• $4.3 million of bonds due Oct. 1, 2016;

• $2.32 million of bonds due Oct. 1, 2017;

• $2.44 million of bonds due Oct. 1, 2018;

• $2.56 million of bonds due Oct. 1, 2019; and

• $66.18 million of bonds due Oct. 1, 2027.

Manufacturers & Traders Trust Co. is the trustee.

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