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Published on 12/6/2013 in the Prospect News Liability Management Daily and Prospect News Municipals Daily.

New York Tobacco Settlement calls $1.3 billion 2003A, B revenue bonds

By Tali David

Minneapolis, Dec. 6 - The New York Tobacco Settlement Financing Corp. called $700.22 million of series 2003A-1C and $603,265,000 of series 2003B-1C asset-backed revenue bonds, according to two notices.

The following 2003A-1C bonds will be redeemed at par on Dec. 20:

• $12,385,000 of 4.2% bonds due June 1, 2018;

• $11,825,000 of 4.25% bonds due June 1, 2019;

• $81,005,000 of 5.5% bonds due June 1, 2019;

• $1.57 million of 4% bonds due June 1, 2020;

• $184.65 million of 5.25% bonds due June 1, 2020;

• $7,445,000 of 4% bonds due June 1, 2021;

• $190,715,000 of 5.25% bonds due June 1, 2021;

• $4,815,000 of 4.125% bonds due June 1, 2022; and

• $205.81 million of 5.25% bonds due June 1, 2022.

The following 2003B-1C bonds will be redeemed at par on Dec. 20:

• $135.5 million of 5.5% bonds due June 1, 2019;

• $8,885,000 of 4.7% bonds due June 1, 2020;

• $177,415,000 of 5.5% bonds due June 1, 2020;

• $199.69 million of 5.5% bonds due June 1, 2021; and

• $81,775,000 of 5.5% bonds due June 1, 2022.

The Bank of New York Mellon is the trustee agent.


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