NYC Industrial to make advance payment on 2004 United Jewish bonds

By Tali Rackner

Norfolk, Va., Aug. 19 – The New York City Industrial Development Agency is exercising its right to make advance installment purchase payments on its series 2004A United Jewish Appeal-Federation of Jewish Philanthropies of New York, Inc. civic facility revenue bonds, according to a notice.

The agency will purchase $30,405,000 of the bonds at par plus accrued interest on Sept. 4.

The total amount of the advance installment purchase payment is $30,680,456.56.

The bonds were originally issued on June 10, 2004 in the amount of $41.83 million.

The redemption is conditional upon trustee U.S. Bank NA’s receipt of monies sufficient to pay the principal of and interest on the bonds on or before the redemption date.

© 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.