Albany County, N.Y., announces defeasance of 2004A G.O. serial bonds

By Ashley Montgomery

Kansas City, Kan., Dec. 27 - Albany County, N.Y., has refunded its series 2004A general obligation serial bonds, according to a notice.

The bonds will be redeemed on Nov. 1, 2014 at par.

The following bonds are affected:

• $4.94 million of 4% bonds due Nov. 1, 2015;

• $5.12 million of 4% bonds due Nov. 1, 2016;

• $5,315,000 of 4% bonds due Nov. 1, 2017;

• $5,525,000 of 4% bonds due Nov. 1, 2018;

• $5.75 million of 4% bonds due Nov. 1, 2019;

• $5.99 million of 4% bonds Nov. 1, 2020;

• $6,235,000 of 4% bonds due Nov. 1, 2021;

• $6,505,000 of 4% bonds due Nov. 1, 2022;

• $6.79 million of 4.125% bonds due Nov. 1, 2023; and

• $7,085,000 of 4.25% bonds due Nov. 1, 2024.

The series 2004 bonds maturing in 2013 and 2014 will be redeemed at maturity plus accrued interest.

Manufacturers and Traders Trust Co. is the escrow agent.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.