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Published on 2/14/2014 in the Prospect News Liability Management Daily and Prospect News Municipals Daily.

New York State Thruway defeases series F, G general revenue bonds

By Tali Rackner

Norfolk, Va., Feb. 14 - The New York State Thruway Authority defeased its series F and series G general revenue bonds, according to a notice.

The following series F bonds will be redeemed at par plus accrued interest on Jan. 1, 2015:

• $6,155,000 of 5% bonds due Jan. 1, 2016;

• $6.46 million of 5% bonds due Jan. 1, 2017;

• $6,785,000 of 5% bonds due Jan. 1, 2018;

• $7.12 million of 5% bonds due Jan. 1, 2019;

• $7.48 million of 5% bonds due Jan. 1, 2020;

• $7,855,000 of 5% bonds due Jan. 1, 2021;

• $8,245,000 of 5% bonds due Jan. 1, 2022;

• $8.66 million of 5% bonds due Jan. 1, 2023;

• $9.09 million of 5% bonds due Jan. 1, 2024;

• $9,545,000 of 5% bonds due Jan. 1, 2025;

• $10.02 million of 5% bonds due Jan. 1, 2026; and

• $43.16 million of 5% bonds due Jan. 1, 2030.

The following series G bonds will be redeemed at par plus accrued interest on July. 1, 2015:

• $605,000 of 3.75% bonds due Jan. 1, 2017;

• $620,000 of 4% bonds due Jan. 1, 2018;

• $655,000 of 4% bonds due Jan. 1, 2019;

• $675,000 of 4% bonds due Jan. 1, 2020;

• $630,000 of 4% bonds due Jan. 1, 2021;

• $680,000 of 4.125% bonds due Jan. 1, 2022;

• $695,000 of 4.25% bonds due Jan. 1, 2023;

• $25.13 million of 5% bonds due Jan. 1, 2024;

• $39.5 million of 5% bonds due Jan. 1, 2025;

• $63,315,000 of 5% bonds due Jan. 1, 2026;

• $10 million of 5.125% bonds due Jan. 1, 2027; and

• $56.47 million of 5.25% bonds due Jan. 1, 2027.

The Bank of New York Mellon is the trustee.


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