Metropolitan Transportation Authority, N.Y., to redeem some 2008 dedicated tax fund bonds

By Marisa Wong

Madison, Wis., Oct. 4 - The Metropolitan Transportation Authority of New York said it will redeem portions of its dedicated tax fund variable-rate refunding bonds, series 2008A, 2008B-1, 2008B-2 and 2008B-3, on Nov. 1.

The bonds will be redeemed at par plus accrued interest up to the redemption date.

To be redeemed are the following bonds:

• $1.885 million of $349.55 million of outstanding 2008A bonds due Nov. 1, 2031;

• $620,000 of $99.14 million of outstanding 2008B-1 bonds due Nov. 1, 2034;

• $620,000 of $99.14 million of outstanding 2008B-2 bonds due Nov. 1, 2034; and

• $620,000 of $99.14 million of outstanding 2008B-3 bonds due Nov. 1, 2034.

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