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Published on 11/17/2011 in the Prospect News Liability Management Daily and Prospect News Municipals Daily.

Wichita, Kan., defeases $104.69 million of water and sewer bonds

By Tali David

Minneapolis, Nov. 17 - The City of Wichita, Kan., gave notice that it has defeased $104.69 million of its series 2003 water and sewer utility revenue bonds, according to a release.

The following bonds will be redeemed on Oct. 1, 2013:

• $450,000 of its 3.75% notes due Oct. 1, 2012;

• $4.75 million of its 5% notes due Oct. 1, 2012;

• $850,000 of its 3.9% notes due Oct. 1, 2013;

• $4.575 million of its 5% notes due Oct. 1, 2013;

• $1.325 million of its 4% notes due Oct. 1, 2014;

• $4.325 million of its 5.25% notes due Oct. 1, 2014;

• $5.975 million of its 5.25% notes due Oct. 1, 2015;

• $6.3 million of its 5.25% notes due Oct. 1, 2016;

• $6.625 million of its 5.25% notes due Oct. 1, 2017;

• $7 million of its 5.25% notes due Oct. 1, 2018;

• $7.35 million of its 5% notes due Oct. 1, 2019;

• $7.7 million of its 5% notes due Oct. 1, 2020;

• $8.1 million of its 5% notes due Oct. 1, 2021;

• $8.5 million of its 5% notes due Oct. 1, 2022;

• $8.925 million of its 5% notes due Oct. 1, 2023;

• $3.95 million of its 5% notes due Oct. 1, 2024;

• $15.99 million of its 4.75% notes due Oct. 1, 2028; and

• $2 million of its 5% notes due Oct. 1, 2028.

UMB National Bank of America is the escrow trustee.


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