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Prospect News home > News index > List of issuers S > Headlines for San Marcos Public Facilities Authority > News item
Published on 6/29/2015 in the Prospect News Liability Management Daily and Prospect News Municipals Daily.

San Marcos Public Facilities, Calif., calls $103.89 million of bonds

By Tali Rackner

Norfolk, Va., June 29 – The San Marcos Public Facilities Authority, Calif., announced the conditional redemption of $103.89 million of its 2005 tax allocation revenue bonds, according to multiple notices.

The following series A project areas No. 1 and No. 3 refunding bonds, totaling $26.8 million, will be redeemed at 102 plus accrued interest on Aug. 1:

• $545,000 of 3.7% bonds due Aug. 1, 2015;

• $605,000 of 3.8% bonds due Aug. 1, 2016;

• $665,000 of 3.95% bonds due Aug. 1, 2017;

• $730,000 of 4.05% bonds due Aug. 1, 2018;

• $800,000 of 4.15% bonds due Aug. 1, 2019;

• $875,000 of 4.2% bonds due Aug. 1, 2020;

• $5,715,000 of 5% bonds due Aug. 1, 2025; and

• $16,865,000 of 5% bonds due Aug. 1, 2034.

The following taxable series B project area No. 1 bonds, totaling $26,385,000, will be redeemed at 102 plus accrued interest on Aug. 1:

• $925,000 of 4.78% bonds due Aug. 1, 2015;

• $5.38 million of 5.07% bonds due Aug. 1, 2020;

• $6,915,000 of 5.25% bonds due Aug. 1, 2025; and

• $13,165,000 of 5.35% bonds due Aug. 1, 2034.

The following series C project areas No. 2 and No. 3 financing bonds, totaling $50,705,000, will be redeemed at par plus accrued interest on Aug. 1:

• $880,000 of 3.5% bonds due Aug. 1, 2015;

• $910,000 of 3.6% bonds due Aug. 1, 2016;

• $945,000 of 3.75% bonds due Aug. 1, 2017;

• $985,000 of 3.85% bonds due Aug. 1, 2018;

• $1.02 million of 5% bonds due Aug. 1, 2019;

• $1.07 million of 5% bonds due Aug. 1, 2020;

• $1.12 million of 5% bonds due Aug. 1, 2021;

• $1,175,000 of 4.75% bonds due Aug. 1, 2022;

• $1.23 million of 4.75% bonds due Aug. 1, 2023;

• $1,295,000 of 4.75% bonds due Aug. 1, 2024;

• $1,355,000 of 4.75% bonds due Aug. 1, 2025;

• $4,475,000 of 5% bonds due Aug. 1, 2028;

• $18,135,000 of 5% bonds due Aug. 1, 2035; and

• $16.11 million of 5% bonds due Aug. 1, 2038, to be redeemed at 102.

MUFG Union Bank, NA is the trustee.


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