New Jersey Turnpike to redeem $788.82 million revenue bonds on July 1

By Marisa Wong

Madison, Wis., June 3 - New Jersey Turnpike Authority gave notice that it will redeem its outstanding series 2003 A turnpike revenue bonds on July 1.

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

$198.19 million of 5% bonds due Jan. 1, 2019;

$79,125,000 of 5% bonds due Jan. 1, 2020;

$41.97 million of 5% bonds due Jan. 1, 2021;

$32.5 million of 5% bonds due Jan. 1, 2022;

$32,545,000 of 5% bonds due Jan. 1, 2023;

$32 million of 4.75% bonds due Jan. 1, 2024;

$54,875,000 of 4.75% bonds due Jan. 1, 2025;

$117,835,000 of 5% bonds due Jan. 1, 2027; and

$199,775,000 of 5% bonds due Jan. 1, 2030.

The Bank of New York Mellon is co-trustee for the bonds.

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