Desert CCD, Calif., defeases $180.45 million general obligation bonds

By Tali Rackner

Norfolk, Va., Feb. 10 – The Desert Community College District of California plans to redeem $180.45 million of its general obligation bonds, election of 2004, series 2007B and 2007C, according to two notices.

The following 2007B bonds will be redeemed at par plus accrued interest on Aug. 1, 2017:

• $5.61 million of 5% bonds due Aug. 1, 2025;

• $6.14 million of 5% bonds due Aug. 1, 2026;

• $6.7 million of 5% bonds due Aug. 1, 2027; and

• $34.17 million of 5% bonds due Aug. 1, 2032.

The following 2007C bonds will also be redeemed at par plus accrued interest on Aug. 1, 2017:

• $18.87 million of 5% bonds due Aug. 1, 2032; and

• $108.96 million of 5% bonds due Aug. 1, 2037.

U.S. Bank NA is the escrow agent.

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