Portland, Ore., calls $221.91 million of sewer system refunding bonds

By Wendy Van Sickle

Columbus, Ohio, Sept. 8 – The City of Portland, Ore., will redeem $221,905,000 of its first lien sewer system revenue refunding bonds, series 2004B and 2005A, according to two notices.

The following series 2004B bonds will be redeemed Oct. 1 at par plus accrued interest:

• $37,575,000 of 5% bonds due June 1, 2016; and

• $39.48 million of 5% bonds due June 1, 2017.

The following series 2005A bonds will be redeemed Oct. 1 at par plus accrued interest:

• $45.89 million of 5% bonds due June 1, 2018;

• $48.25 million of 5% bonds due June 1, 2019; and

• $50.71 million of 5% bonds due June 1, 2020.

U.S. Bank NA is the trustee.

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