Santa Clara Valley Transportation, Calif., defeases sales tax bonds

By Tali Rackner

Norfolk, Va., March 2 – The Santa Clara Valley Transportation Authority, Calif., defeased its 2000 Measure A sales tax revenue refunding bonds, 2007 series A, according to a notice.

The following will be redeemed at par plus accrued interest on April 1, 2017:

• $3,295,000 of 5% bonds due April 15, 2018;

• $3.46 million of 5% bonds due April 15, 2019;

• $3,635,000 of 5% bonds due April 15, 2020;

• $3,815,000 of 5% bonds due April 15, 2021;

• $4,005,000 of 5% bonds due April 15, 2022;

• $4,205,000 of 5% bonds due April 15, 2023;

• $4,415,000 of 5% bonds due April 15, 2024;

• $4.64 million of 5% bonds due April 15, 2025;

• $4.87 million of 5% bonds due April 15, 2026;

• $5,115,000 of 5% bonds due April 15, 2027;

• $29,665,000 of 5% bonds due April 15, 2032; and

• $29.53 million of 5% bonds due April 15, 2036.

U.S. Bank NA is the trustee and escrow agent.

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