New Jersey to redeem 2005 C, D transportation system revenue bonds

By Tali Rackner

Norfolk, Va., May 8 – The New Jersey Transportation Trust Fund Authority plans to redeem its 2005 series C and D transportation system revenue bonds, according to two notices.

The following 2005 series C bonds will be redeemed at par plus accrued interest on June 15:

• $39,505,000 of bonds due June 15, 2016;

• $41.58 million of bonds due June 15, 2017;

• $43,765,000 of bonds due June 15, 2018;

• $46.06 million of bonds due June 15, 2019; and

• $51,025,000 of bonds due June 15, 2021.

The following 2005 series D bonds will also be redeemed at par plus accrued interest on June 15:

• $11 million of 4% bonds due June 15, 2016;

• $96.25 million of 5% bonds due June 15, 2016;

• $3,255,000 of 4% bonds due June 15, 2016;

• $295,000 of 4% bonds due June 15, 2017;

• $2,705,000 of 4% bonds due June 15, 2017;

• $90.17 million of 5% bonds due June 15, 2017;

• $19.13 million of 5% bonds due June 15, 2017;

• $118 million of 5% bonds due June 15, 2018; and

• $124 million of 5% bonds due June 15, 2019.

Commerce Bank, NA is the escrow agent.

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