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

By Tali Rackner

Norfolk, Va., Nov. 14 – The State of Washington defeased multiple series of its general obligation bonds, according to a notice.

The following bonds will be redeemed at par plus accrued interest to their respective redemption dates:

• $219.28 million of series R-2005A various purpose G.O. refunding bonds due Jan. 1, 2016 through 2025, to be redeemed on Jan. 1;

• $48.29 million of series 2007C various purpose G.O. bonds due Jan. 1, 2031 through 2032, to be redeemed on Jan. 1, 2017;

• $212.1 million of series 2008A various purpose G.O. bonds due July 1, 2027 through 2032, to be redeemed on July 1, 2017;

• $196.17 million of series 2008C various purpose G.O. refunding bonds due Jan. 1, 2028 through 2030 and 2033, to be redeemed on Jan. 1, 2018;

• $54.15 million of series R-2005B motor vehicle fuel tax G.O. refunding bonds due Jan. 1, 2016 through 2025, to be redeemed on Jan. 1;

• $139.13 million of series 2008B motor vehicle fuel tax G.O. bonds due July 1, 2027 through 2030 and 2032, to be redeemed on July 1, 2017; and

• $134.67 million of series 2008D motor vehicle fuel tax G.O. bonds due Jan. 1, 2028 through 2030 and 2033, to be redeemed on Jan. 1, 2018.

U.S. Bank NA is the escrow agent.

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