California Educational Facilities defeases some Pepperdine bonds

By Marisa Wong

Madison, Wis., Jan. 2 – California Educational Facilities Authority defeased portions of its series 2005A and 2005B Pepperdine University refunding revenue bonds, according to a notice.

Affected are $20.19 million of $92,365,000 outstanding 2005A bonds due 2035 and $3.57 million of $16.34 million outstanding 2005B bonds due 2032.

The refunded bonds will be redeemed on Dec. 1, 2015 at par plus accrued interest to the redemption date.

Bank of New York Trust Co., NA is the trustee.

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