New York State Urban Development calls $668.81 million revenue bonds

By Melissa Kory

Cleveland, Dec. 2 - The New York State Urban Development Corp. announced that it will redeem its $175,155,000 of series 2000D correctional facilities service contract revenue bonds and its $493.65 million of series 2002A correctional and youth facilities service contact revenue bonds due Jan. 1, 2017.

The bonds will be redeemed on Jan. 1 at par.

To be redeemed are the following series 2000D bonds:

• $6,055,000 of 5% bonds due Jan. 1, 2013;

• $6,355,000 of 5% bonds due Jan. 1, 2014;

• $6,675,000 of 5.75% bonds due Jan. 1, 2015;

• $7,055,000 of 5.75% bonds due Jan. 1, 2016;

• $7.46 million of 5.75% bonds due Jan. 1, 2017;

• $7.89 million of 5.25% bonds due Jan. 1, 2018;

• $8,305,000 of 5.3% bonds due Jan. 1, 2019;

• $8,745,000 of 5.25% bonds due Jan. 1, 2020;

• $9,205,000 of 5.125% bonds due Jan. 1, 2021;

• $9,675,000 of 5.125% bonds due Jan. 1, 2022;

• $10.17 million of 5.125% bonds due Jan. 1, 2023;

• $21,935,000 of 5.125% bonds due Jan. 1, 2025; and

• $65.63 million of 5.25% bonds due Jan. 1, 2030.

To be redeemed are the following series 2002A bonds:

• $150 million of 5% bonds;

• $24.31 million of 5.5% bonds; and

• $319.34 million of 5.5% bonds.

Bank of New York Mellon is the redemption agent.

Based in Albany, N.Y., the corporation provides funding for economic development projects throughout the state.

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