New York City Industrial defeases $238.48 million Terminal One bonds

By Wendy Van Sickle

Columbus, Ohio, Dec. 21 – New York City Industrial Development Agency defeased and announced the coming redemption of $238.48 million of special facility revenue bonds, series 2005, issued for the Terminal One Group Association, LP project, according to a notice.

The following bonds will be redeemed Jan. 13 at par plus accrued interest:

• $21,185,000 of bonds due 2016;

• $22,355,000 of bonds due 2017;

• $23.58 million of bonds due 2018;

• $24.88 million of bonds due 2019;

• $26,245,000 of bonds due 2020;

• $27.69 million of bonds due 2021; and

• $92.54 million of bonds due 2024.

The Bank of New York Mellon is the trustee.

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