New York State Thruway defeases highway and bridge trust fund bonds

By Tali Rackner

Norfolk, Va., March 28 - The New York State Thruway Authority defeased its series 2004A, 2005A and 2005B second general highway and bridge trust fund bonds, according to a notice.

The following 2004A bonds will be redeemed at par plus accrued interest on April 28:

• $15 million of 5% bonds due April 1, 2024.

The following 2005A bonds will be redeemed at par plus accrued interest on April 1, 2015:

• $680,000 of 4.3% bonds due April 1, 2022;

• $215,000 of 4.35% bonds due April 1, 2023;

• $305,000 of 4.375% bonds due April 1, 2024;

• $2,045,000 of 4.4% bonds due April 1, 2025; and

• $6,695,000 of 5% bonds due April 1, 2025.

The following 2005B bonds will be redeemed at par plus accrued interest on April 1, 2015:

• $6,655,000 of 4% bonds due April 1, 2018;

• $6,665,000 of 4.125% bonds due April 1, 2019;

• $39.34 million of 5% bonds due April 1, 2017;

• $34,605,000 of 5% bonds due April 1, 2018;

• $30.55 million of 5% bonds due April 1, 2019;

• $32.14 million of 5% bonds due April 1, 2021;

• $3,385,000 of 5% bonds due April 1, 2022;

• $3,555,000 of 5% bonds due April 1, 2023;

• $3,735,000 of 5% bonds due April 1, 2024; and

• $3.23 million of 5% bonds due April 1, 2025.

The Bank of New York Mellon is the trustee.

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