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Prospect News home > News index > List of issuers Tenders > Headlines for 2015 > News item
Published on 11/9/2015 in the Prospect News Liability Management Daily and Prospect News Municipals Daily.

New York City Transitional Finance defeases bonds from nine series

By Wendy Van Sickle

Columbus, Ohio, Nov. 9 – The New York City Transitional Finance Authority defeased several future tax secured bonds from nine series, according to a notice.

The following series 2006A-1 bonds will be redeemed Dec. 7 at par:

• $6,435,000 of 4% bonds due Nov. 1, 2016;

• $29.06 million of 5% bonds due Nov. 1, 2016;

• $1,375,000 of 4.2% bonds due Nov. 1, 2020;

• $41,925,000 of 5% bonds due Nov. 1, 2020;

• $135,000 of 4.25% bonds due Nov. 1, 2021;

• $18.33 million of 5% bonds due Nov. 1, 2021;

• $375,000 of 4.25% bonds due Nov. 1, 2022;

• $18,035,000 of 5% bonds due Nov. 1, 2022;

• $475,000 of 4.3% bonds due Nov. 1, 2023;

• $21.07 million of 5% bonds due Nov. 1, 2023;

• $22,645,000 of 5% bonds due Nov. 1, 2024;

• $180,000 of 4.3% bonds due Nov. 1, 2025;

• $14,205,000 of 5% bonds due Nov. 1, 2025;

• $6,565,000 of 5% bonds due Nov. 1, 2026;

• $6.9 million of 5% bonds due Nov. 1, 2027;

• $7,635,000 of 5% bonds due Nov. 1, 2028;

• $8.03 million of 5% bonds due Nov. 1, 2029;

• $1,575,000 of 4.25% bonds due Nov. 1, 2030; and

• $6.86 million of 5% bonds due Nov. 1, 2030.

The following series 2006A-2 bonds will be redeemed Dec. 7 at par:

• $775,000 of 4.1% bonds due Nov. 1, 2017;

• $36.5 million of 5% bonds due Nov. 1, 2017;

• $250,000 of 4.125% bonds due Nov. 1, 2018;

• $38.94 million of 5% bonds due Nov. 1, 2018;

• $350,000 of 4.125% bonds due Nov. 1, 2019;

• $40.84 million of 5% bonds due Nov. 1, 2019;

The following series 2007B bonds will be redeemed May 1, 2017 at par:

• $3.1 million of 5% bonds due Nov. 1, 2019;

• $1,745,000 of 4% bonds due Nov. 1, 2021; and

• $3.45 million of 5% bonds due Nov. 1, 2030.

The following series 2007C-1 bonds will be redeemed Nov. 1, 2017 at par:

• $5.76 million of 4.25% bonds due Nov. 1, 2023; and

• $20.43 million of 5% bonds due Nov. 1, 2027.

The following series 2010A-1 bonds will be redeemed May 1, 2022 at par:

• $6.59 million of 5% bonds due May 1, 2022; and

• $85,000 of 5% bonds due May 1, 2029.

The following series 2010B bond will be redeemed Nov. 1, 2019 at par:

• $7,555,000 of 5% bonds due Nov. 1, 2022.

The following series 2010D bond will be redeemed Nov. 1, 2019 at par:

• $1,395,000 of 3.375% bonds due Nov. 1, 2019.

The following series 2012E-1 bond will be redeemed Feb. 1, 2018 at par:

• $13.29 million of 5% bonds due Feb. 1, 2027.

The following series 2012F-1 bonds will be redeemed May 1, 2018 at par:

• $17,325,000 of 5% bonds due May 1, 2025;

• $25,475,000 of 5% bonds due May 1, 2026; and

• $27,265,000 of 5% bonds due May 1, 2028.

The Bank of New York Mellon is the trustee.


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