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Prospect News home > News index > List of issuers T > Headlines for Tenders 2011 > News item
Published on 6/28/2011 in the Prospect News Liability Management Daily and Prospect News Municipals Daily.

Massachusetts Bay Transportation defeases $261.57 million of bonds

By Melissa Kory

Cleveland, June 28 - The Massachusetts Bay Transportation Authority said it defeased $261.565 million of its bonds on June 22.

The affected assessment bonds include:

• $9.95 million of 4% series 2004A bonds due July 1, 2013;

• $6.9 million of 4.1% series 2004A bonds due July 1, 2014;

• $2.12 million of 3.5% series 2005A bonds due July 1, 2013;

• $3.49 million of 4% series 2005A bonds due July 1, 2013;

• $3.135 million of 3.625% series 2005A bonds due July 1, 2014;

• $2.42 million of 5% series 2005A bonds due July 1, 2014;

• $5.31 million of 3.625% series 2005A bonds due July 1, 2015;

• $4.38 million of 5% series 2005A bonds due July 1, 2015;

• $12.215 million of 5% series 2005A bonds due July 1, 2016, to be redeemed on July 1, 2015 at par;

• $12.73 million of 5% series 2005A bonds due July 1, 2017, to be redeemed on July 1, 2015 at par;

• $2.81 million of 4% series 2008A bonds due July 1, 2013;

• $6.215 million of 5% series 2008A bonds due July 1, 2013;

• $5 million of 4% series 2008A bonds due July 1, 2014;

• $4.755 million of 5% series 2008A bonds due July 1, 2014;

• $4.275 million of 4% series 2008A bonds due July 1, 2015;

• $10 million of million of 5% series 2008A bonds due July 1, 2015;

• $4.88 million of 4% series 2008A bonds due July 1, 2016;

• $10.03 million of 5% series 2008A bonds due July 1, 2016;

• $2.875 million of 4.2% series 2008A bonds due July 1, 2017; and

• $13.23 million of 5% series 2008A bonds due July 1, 2017.

The affected general transportation system bonds include:

• $33.405 million of 7% series 1991A bonds due March 1, 2021;

• $5.5 million of 6.1% series 1992C bonds due March 1, 2013; and

• $3.31 million of 5.8% series 1995A bonds due March 1, 2014.

The affected senior sales tax bonds include:

• $945,000 of 3.875% series 2002A bonds due July 1;

• $7.795 million of 5% series 2002A bonds due July 1;

• $22.65 million of 5.25% series 2003A bonds due July 1;

• $2.415 million of 5.5% series 2004C bonds due July 1, 2016;

• $1.54 million of 5.5% series 2004C bonds due July 1, 2017

• $5.17 million of 5% series 2006B bonds due July 1;

• $2.6 million of 4.25% series 2006C bonds due July 1;

• $3.51 million of 5% series 2006C bonds due July 1, 2013;

• $3.5 million of 5% series 2006C bonds due July 1, 2014;

• $3.49 million of 5% series 2006C bonds due July 1, 2015;

• $6.27 million of 5% series 2006C bonds due July 1, 2016;

• $7.185 million of 5% series 2006C bonds due July 1, 2017;

• $1.165 million of 3% series 2008B bonds due July 1;

• $6.025 million of 3% series 2009D bonds due July 1, 2014;

• $6.205 million of 4% series 2009D bonds due July 1, 2015;

• $6.455 million of 4% series 2009D bonds due July 1, 2016; and

• $6.71 million of 5% series 2009D bonds due July 1, 2017.

U.S. Bank, NA is the trustee.


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