Honolulu defeases G.O. bonds, G.O. commercial paper notes

By Tali Rackner

Norfolk, Va., April 6 – The City and County of Honolulu plans to redeem seven series of its general obligation bonds and one series of G.O. commercial paper notes, according to a notice.

The following 2005B G.O.s will be redeemed at par plus accrued interest on July 1:

• $2,655,000 of 5% bonds due July 1, 2016.

The following 2005C G.O.s will be redeemed at par plus accrued interest on July 1:

• $6,095,000 of 5% bonds due July 1, 2016.

The following 2005D G.O.s will be redeemed at par plus accrued interest on July 1:

• $5.28 million of 5% bonds due July 1, 2016.

The following 2005E G.O.s will be redeemed at par plus accrued interest on July 1:

• $14.37 million of 5% bonds due July 1, 2016.

The following 2007A G.O.s will be redeemed at par plus accrued interest on July 1, 2017 or at maturity:

• $5 million of 5.25% bonds due July 1, 2016;

• $9 million of 4% bonds due July 1, 2017;

• $4.8 million of 5% bonds due July 1, 2018;

• $11,345,000 of 5% bonds due July 1, 2019;

• $11.93 million of 5% bonds due July 1, 2020;

• $12.54 million of 5% bonds due July 1, 2021;

• $13,185,000 of 5% bonds due July 1, 2022;

• $13.86 million of 5% bonds due July 1, 2023;

• $14.57 million of 5% bonds due July 1, 2024;

• $15.3 million of 4.75% bonds due July 1, 2025;

• $16.04 million of 4.75% bonds due July 1, 2026;

• $16.82 million of 4.75% bonds due July 1, 2027;

• $17,665,000 of 5% bonds due July 1, 2028;

• $18.57 million of 5% bonds due July 1, 2029;

• $19.52 million of 5% bonds due July 1, 2030;

• $20.52 million of 5% bonds due July 1, 2031;

• $2,655,000 of 4% bonds due July 1, 2016;

• $5.02 million of 4% bonds due July 1, 2018; and

• $1 million of 4.25% bonds due July 1, 2018.

The following 2009A G.O.s will be redeemed at par plus accrued interest on April 1, 2019 or at maturity:

• $2 million of 4% bonds due April 1, 2020;

• $11.46 million of 5% bonds due April 1, 2021;

• $12.03 million of 5% bonds due April 1, 2022;

• $4.43 million of 4.25% bonds due April 1, 2023;

• $13.23 million of 5% bonds due April 1, 2024;

• $1,595,000 of 4.5% bonds due April 1, 2025;

• $14.58 million of 5% bonds due April 1, 2026;

• $15.31 million of 5% bonds due April 1, 2027;

• $16,075,000 of 5.25% bonds due April 1, 2028;

• $16.92 million of 5.25% bonds due April 1, 2029;

• $17,805,000 of 5.25% bonds due April 1, 2030;

• $18.74 million of 5.25% bonds due April 1, 2031;

• $19,725,000 of 5.25% bonds due April 1, 2032;

• $20.76 million of 5% bonds due April 1, 2033;

• $21.8 million of 5% bonds due April 1, 2034;

• $7.5 million of 5% bonds due April 1, 2018;

• $8.93 million of 5% bonds due April 1, 2020;

• $8,205,000 of 5% bonds due April 1, 2023; and

• $12.3 million of 5% bonds due April 1, 2025.

The following 2011A G.O.s were defeased:

• $2 million of 4% bonds due Aug. 1, 2016; and

• $1,815,000 of 4% bonds due Aug. 1, 2017.

Honolulu also defeased its G.O. commercial paper notes, issue D, maturing on April 2, 2015 and April 6, 2015.

U.S. Bank NA is the escrow agent.

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