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Seattle defeases 2008 limited tax G.O. improvement and refunding bonds
By Tali Rackner
Norfolk, Va., May 28 – The City of Seattle defeased its series 2008 limited tax general obligation improvement and refunding bonds, according to a notice.
The following will be redeemed at par plus accrued interest on Dec. 1, 2018:
• $6.25 million of 5% bonds due 2019;
• $7,205,000 of 5% bonds due 2020;
• $16.61 million of 5% bonds due 2021;
• $13.64 million of 5% bonds due 2022;
• $9,235,000 of 5% bonds due 2023;
• $9.67 million of 5% bonds due 2024;
• $10.12 million of 5% bonds due 2025;
• $10.75 million of 5% bonds due 2026;
• $615,000 of 5% bonds due 2027; and
• $645,000 of 5% bonds due 2028.
The city also defeased its series 2005, 2006 and 2007 bonds.
Zions First National Bank is the refunding trustee.
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