Washington defeases various purpose, motor vehicle fuel tax G.O.s

By Tali Rackner

Norfolk, Va., July 9 – The State of Washington defeased three series of its various purpose general obligation bonds and four series of motor vehicle fuel tax general obligation bonds, according to a notice.

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

The following 2007A various purpose G.O.s will be redeemed on July 1, 2016:

• $13,825,000 of 5% bonds due July 1, 2017.

The following 2008A various purpose G.O.s will be redeemed on July 1, 2017:

• $19.82 million of 5% bonds due July 1, 2018;

• $20.83 million of 5% bonds due July 1, 2019;

• $21,905,000 of 5% bonds due July 1, 2020;

• $23,035,000 of 5% bonds due July 1, 2021;

• $24,205,000 of 5% bonds due July 1, 2022;

• $25.45 million of 5% bonds due July 1, 2023;

• $26,745,000 of 5% bonds due July 1, 2024;

• $28,125,000 of 5% bonds due July 1, 2025; and

• $29,565,000 of 5% bonds due July 1, 2026.

The following 2008C various purpose G.O.s will be redeemed on Jan. 1, 2018:

• $18.59 million of 5% bonds due Jan. 1, 2019;

• $19,525,000 of 5% bonds due Jan. 1, 2020;

• $20.49 million of 5% bonds due Jan. 1, 2021;

• $21,525,000 of 5% bonds due Jan. 1, 2022;

• $22,595,000 of 5% bonds due Jan. 1, 2023;

• $23,725,000 of 5% bonds due Jan. 1, 2024;

• $24,915,000 of 5% bonds due Jan. 1, 2025;

• $26.16 million of 5% bonds due Jan. 1, 2026; and

• $27.47 million of 5% bonds due Jan. 1, 2027.

The following 2007B motor vehicle fuel tax G.O.s will be redeemed on July 1, 2016:

• $5,975,000 of 5% bonds due July 1, 2017.

The following 2007D motor vehicle fuel tax G.O.s will be redeemed on Jan. 1, 2017:

• $13.76 million of 4.5% bonds due Jan. 1, 2018;

• $14.35 million of 4.5% bonds due Jan. 1, 2019;

• $15.07 million of 4.5% bonds due Jan. 1, 2020;

• $15.82 million of 4.5% bonds due Jan. 1, 2021;

• $16,615,000 of 4.5% bonds due Jan. 1, 2022;

• $17.45 million of 4.5% bonds due Jan. 1, 2023;

• $18.32 million of 4.5% bonds due Jan. 1, 2024;

• $19,235,000 of 4.5% bonds due Jan. 1, 2025; and

• $20.19 million of 4.5% bonds due Jan. 1, 2026.

The following 2008B motor vehicle fuel tax G.O.s will be redeemed on July 1, 2017:

• $13,245,000 of 5% bonds due July 1, 2018;

• $13.92 million of 5% bonds due July 1, 2019;

• $14,065,000 of 5% bonds due July 1, 2020;

• $14.79 million of 5% bonds due July 1, 2021;

• $16,195,000 of 5% bonds due July 1, 2022;

• $17,075,000 of 5% bonds due July 1, 2023;

• $17.96 million of 5% bonds due July 1, 2024;

• $18.86 million of 5% bonds due July 1, 2025; and

• $19,975,000 of 5% bonds due July 1, 2026.

The following 2008D motor vehicle fuel tax G.O.s will be redeemed on Jan. 1, 2018:

• $12.76 million of 5% bonds due Jan. 1, 2019;

• $13.4 million of 5% bonds due Jan. 1, 2020;

• $14.07 million of 5% bonds due Jan. 1, 2021;

• $14,775,000 of 5% bonds due Jan. 1, 2022;

• $15,515,000 of 5% bonds due Jan. 1, 2023;

• $16,285,000 of 5% bonds due Jan. 1, 2024;

• $17.1 million of 5% bonds due Jan. 1, 2025;

• $17.96 million of 5% bonds due Jan. 1, 2026; and

• $18,855,000 of 5% bonds due Jan. 1, 2027.

The Bank of New York Mellon is the paying agent.

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