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5,235,000 super sinker term bonds due June 1, 2025 at 'BBB+'; Outlook Stable;
10,890,000 super sinker term bonds due June 1, 2035 at 'BBB+'; Outlook Stable;
6 million and consisted of tax-exempt serial bonds due June 1, 2006-2016 and tax-exempt super sinker bonds with maturities of June 1, 2025, 2035, and 2043.
Indenture provisions for such a circumstance provide adequate protection by trapping cash and limiting the likelihood that any non-mandatory super sinker payments will be made during the next two or three years.
The term bonds are subject to super sinker redemption payments beginning in 2002.