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Published on 11/23/2015 in the Prospect News Liability Management Daily and Prospect News Municipals Daily.

New Jersey Turnpike calls three series of variable-rate revenue bonds

By Wendy Van Sickle

Columbus, Ohio, Nov. 23 – The New Jersey Turnpike Authority called three series of variable-rate revenue bonds for full redemption on Dec. 23, according to three notices.

The bonds include $72.35 million of series 2013D-1 bonds due Jan. 1, 2022, $48,235,000 of series 2013E-1 bonds due Jan. 1, 2022 and $25 million of series 2014B-1 bonds due Jan. 1, 2024.

The redemption price is par plus accrued interest to the redemption date.

The redemptions are conditioned on funds sufficient to pay the redemption price being deposited with the paying agent, the Bank of New York Mellon, by the redemption date.


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