New Jersey defeases $950.94 million of 2004, 2005 & 2009 school bonds

By Tali David

Minneapolis, Feb. 7 - The New Jersey Economic Development Authority defeased $950,935,000 of its series 2004, 2005 and 2009 school facilities construction bonds, according to multiple releases.

The following bonds will be redeemed at par plus accrued interest to the redemption date:

• $139,965,000 ofa series 2004 G bonds due Sept. 1 of 2013, 2022 and 2029;

• $7.87 million of series 2004 I bonds due Sept. 1, 2013;

• $23,805,000 of series 2005 K bonds due Dec. 15, 2013;

• $120,525,000 of series 2005 L bonds due March 1 of 2014, 2016 through 2026 and 2030;

• $512.67 million of series 2005 O bonds due March 1 of 2014, 2016, 2019, 2021 through 2026, 2028 and 2030;

• $140.99 million of series 2005 P bonds due Sept. 1 of 2013, 2016 through 2024, 2026, 2028 and 2030; and

• $5.11 million of series 2009 BB bonds due Sept. 1, 2013.

The 2005 L and 2005 O bonds will be redeemed on March 1, 2015, and the 2005 P bonds will be redeemed on Sept. 1, 2015, according to the releases.

U.S. Bank NA is the escrow agent.

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