Xenia Rural Water, Iowa, to tender for outstanding water revenue bonds

By Melissa Kory

Cleveland, Aug. 15 - Xenia Rural Water District of Iowa announced a tender offer for its outstanding series 2006 water revenue bonds.

The bonds affected include:

• 5% bonds due Dec. 1, 2020;

• 3.7% bonds due Dec. 1, 2009;

• 5% bonds due Dec. 1, 2041;

• 4% bonds due Dec. 1, 2012;

• 4% bonds due Dec. 1, 2013;

• 3.75% bonds due Dec. 1, 2011;

• 4.35% bonds due Dec. 1, 2020;

• 4% bonds due Dec. 1, 2016;

• 4% bonds due Dec. 1, 2015;

• 5% bonds due Dec. 1, 2017;

• 3.7% bonds due Dec. 1, 2010;

• 3.7% bonds due Dec. 1, 2008;

• 4.5% bonds due Dec. 1, 2021;

• 4.625% bonds due Dec. 1, 2036;

• 4.5% bonds due Dec. 1, 2031;

• 4.375% bonds due Dec. 1, 2025;

• 4.5% bonds due Dec. 1, 2041;

• 4.25% bonds due Dec. 1, 2019;

• 4% bonds due Dec. 1, 2014; and

• 4.25% bonds due Dec. 1, 2018.

The district is seeking approval from holders of two-thirds of the principal amount of the bonds for the transfer and assumption by Assured Guaranty Corp. of the bonds' insurance policy on or before Sept. 15.

Holders of record as of Aug. 15 are eligible to consent.

Wells Fargo Bank, NA is the redemption agent.

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