Virginia Resources defeases some 2008B Virginia Pooled Financing bonds

By Tali Rackner

Norfolk, Va., March 31 – The Virginia Resources Authority partially defeased its senior and subordinate series 2008B non-AMT infrastructure revenue bonds issued for the Virginia Pooled Financing Program, according to a notice.

The following senior notes will be redeemed at par plus accrued interest on Nov. 1, 2018:

• $240,000 of 4% bonds due Nov. 1, 2019;

• $245,000 of 5% bonds due Nov. 1, 2020;

• $245,000 of 5% bonds due Nov. 1, 2021;

• $245,000 of 5% bonds due Nov. 1, 2022;

• $240,000 of 4.5% bonds due Nov. 1, 2023;

• $240,000 of 5% bonds due Nov. 1, 2024;

• $245,000 of 5.25% bonds due Nov. 1, 2025;

• $245,000 of 5.25% bonds due Nov. 1, 2026;

• $240,000 of 5% bonds due Nov. 1, 2027; and

• $240,000 of 5% bonds due Nov. 1, 2028.

The following subordinate notes will be redeemed at par plus accrued interest on Nov. 1, 2018:

• $105,000 of 5% bonds due Nov. 1, 2019;

• $100,000 of 5% bonds due Nov. 1, 2020;

• $100,000 of 5% bonds due Nov. 1, 2021;

• $100,000 of 5% bonds due Nov. 1, 2022;

• $105,000 of 5% bonds due Nov. 1, 2023; and

• $515,000 of 5.25% bonds due Nov. 1, 2033.

U.S. Bank NA is the trustee.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.