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Published on 5/19/2014 in the Prospect News Liability Management Daily and Prospect News Municipals Daily.

New Jersey Economic defeases 19 series of school facilities bonds

By Tali Rackner

Norfolk, Va., May 19 - The New Jersey Economic Development Authority defeased various series of its school facilities construction bonds, according to multiple notices.

The following were defeased:

• $35,945,000 of 2004 series I bonds;

• $8.93 million of 2004 series J4 bonds;

• $13 million of 2004 series J5 bonds;

• $288,625,000 of 2005 series K bonds to be redeemed on Dec. 15, 2015;

• $5,095,000 of 2005 series L bonds;

• $116.18 million of 2005 series N bonds to be redeemed on Sept. 1, 2015;

• $25,275,000 of 2005 series O bonds;

• $29.01 million of 2005 series P bonds;

• $18,515,000 of 2005 series Q1 bonds to be redeemed on March 1, 2018;

• $19.05 million of 2005 series Q2 bonds to be redeemed on March 1, 2018;

• $81.95 million of 2006 series S bonds to be redeemed on Sept. 1, 2016;

• $162,635,000 of 2007 series U bonds to be redeemed on Sept. 1, 2017;

• $219.87 million of 2008 series W bonds to be redeemed on March 1, 2018;

• $30.29 million of 2008 series Y bonds to be redeemed on Sept. 1, 2018;

• $38,885,000 of 2011 series EE bonds;

• $36.08 million of 2011 series FF bonds;

• $30,985,000 of 2011 series GG bonds;

• $26.31 million of 2011 series HH bonds; and

• $28.19 million of 2012 series II bonds.

U.S. Bank NA is the agent.


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