CUSIP 532343KA7
- ISIN: US532343KA79
- Entity Name: Commonwealth of Pennsylvania
- Sector: Sub Sovereign
- Announcement Date: *****
- Effective Date: *****
- Issue Date: *****
- Maturity Date: *****
- Country of Issuer: *****
- Region: N.Amer
- Issue Currency: *****
- CA Type: Defeasance
- News: NOTICE IS HEREBY GIVEN that the Ligonier Valley School District (the Issuer), acting pursuant to the terms of the order authorizing the issuance of the Obligations including the issuance of General Obligation Bonds, Series 2007, has defeased a portion of the Obligations maturing on the dates below (the Defeased Obligations) in the principal amount of $2,335,000. The Defeased Obligations have been selected by lot for defeasance and will be redeemed later, but no action is required now and a separate redemption notice will be sent later. The Defeased Obligations are more particularly described below: CUSIP Maturity Date Rate As of Date OS Balance Defeased CUSIP Defeased Amount Non-Def CUSIP Non-Def Amount 532343JY7 3/1/2017 4% 5/23/2011 $1,595,000.00 532343LR9 $345,000.00 532343LY4 $1,250,000.00 532343JZ4 3/1/2018 4% 5/23/2011 $1,660,000.00 532343LS7 $360,000.00 532343LZ1 $1,300,000.00 532343KA7 3/1/2019 4.125% 5/23/2011 $1,725,000.00 532343LT5 $375,000.00 532343MA5 $1,350,000.00 532343KB5 3/1/2020 4.125% 5/23/2011 $1,800,000.00 532343LU2 $390,000.00 532343MB3 $1,410,000.00 532343KC3 3/1/2021 4.125% 5/23/2011 $1,870,000.00 532343LV0 $405,000.00 532343MC1 $1,465,000.00 532343KD1 3/1/2022 4.250% 5/23/2011 $1,950,000.00 532343LW8 $420,000.00 532343MD9 $1,530,000.00 532343KE9 3/1/2023 4.250% 5/23/2011 $190,000.00 532343LX6 $40,000.00 532343ME7 $150,000.00 In order to accomplish such defeasance, the Issuer has deposited with Wells Fargo Bank, N.A. (the Escrow Agent), pursuant to an Escrow and Trust Agreement (the Escrow Agreement) between the Issuer and the Escrow Agent, cash and obligations of or guaranteed by the United States of America in an amount sufficient in the opinion of Maher Duessel (the Verification Agent) to provide for the payment of the principal of and interest on the Defeased Obligations to their date of maturity or date of redemption as described below. The maturing principal of, and interest on, such direct obligations have been calculated by the Verification Agent to be adequate, together with a cash deposit, if any, to pay the principal of, and interest on the Defeased Obligations, when due, at the redemption price of 100% of the principal amount of the Defeased Obligations being redeemed, plus accrued interest to the Redemption Date. The Defeased Obligations maturing on March 2018 to March 2023 will be called for redemption on March 1st , 2017 and interest will cease to accrue as of this date. No action is required by the owners of the Defeased Obligations at this time. A redemption notice for the Defeased Obligations will be sent as provided in the Resolution. For Bond Document please visit www.BondPDF.com
- Description: *****
- Bond Document: https://www.bondpdf.com/
- Latest Corporate Actions: https://www.CAalerts.com/credit-corporate-action/ISIN/US532343KA79
