Cincinnati to redeem $138.15 million water system revenue bonds

By Melissa Kory

Cleveland, May 2 - The City of Cincinnati said it will redeem its $77.545 million of series 2003 and $60.6 million of series 2001 water system revenue bonds.

The bonds will be redeemed on June 1 at par, plus accrued interest.

The series 2003 bonds affected include:

• $4.93 million of 5% bonds due Dec. 1, 2012;

• $4.77 million of 5% bonds due Dec. 1, 2013;

• $405,000 of 3.8% bonds due Dec. 1, 2013;

• $5.155 million of 5% bonds due Dec. 1, 2014;

• $275,000 of 3.95% bonds due Dec. 1, 2014;

• $5.495 million of 5% bonds due Dec. 1, 2015;

• $200,000 of 4.05% bonds due Dec. 1, 2015;

• $5.28 million of 5% bonds due Dec. 1, 2016;

• $700,000 of 4.15% bonds due Dec. 1, 2016;

• $6.275 million of 5% bonds due Dec. 1, 2017;

• $6.585 million of 5% bonds due Dec. 1, 2018;

• $6.915 million of 5% bonds due Dec. 1, 2019;

• $7.26 million of 5% bonds due Dec. 1, 2020;

• $7.625 million of 5% bonds due Dec. 1, 2021;

• $7.545 million of 5% bonds due Dec. 1, 2022; and

• $8.13 million of 5% bonds due Dec. 1, 2023.

The series 2001 bonds affected include:

• $2.795 million of 5.5% bonds due Dec. 1, 2011;

• $4.045 million of 5.5% bonds due Dec. 1, 2012;

• $470,000 of 4.5% bonds due Dec. 1, 2012;

• $4.555 million of 5.5% bonds due Dec. 1, 2013;

• $200,000 of 4.55% bonds due Dec. 1, 2013;

• $5.015 million of 5.5% bonds due Dec. 1, 2014;

• $4.74 million of 5.5% bonds due Dec. 1, 2015;

• $550,000 of 4.75% bonds due Dec. 1, 2015;

• $5.58 million of 5.5% bonds due Dec. 1, 2016;

• $5.785 million of 5.5% bonds due Dec. 1, 2017;

• $100,000 of 4.9% bonds due Dec. 1, 2017;

• $6.01 million of 5% bonds due Dec. 1, 2018;

• $200,000 of 5% bonds due Dec. 1, 2018;

• $6.52 million of 5% bonds due Dec. 1, 2019;

• $6.845 million of 5% bonds due Dec. 1, 2020; and

• $7.19 million of 5.125% bonds due Dec. 1, 2021.

Bank of New York Mellon is the redemption agent.

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