New Jersey Educational Facilities calls $56.95 million New Jersey Institute of Technology bonds

By Melissa Kory

Cleveland, Dec. 13 - The New Jersey Educational Facilities Authority announced that it will redeem its $56,945,000 of New Jersey Institute of Technology series 2001G tax-exempt revenue bonds.

The bonds will be redeemed on July 1, 2011 at par, plus accrued interest to the redemption date.

The redemption includes:

• $805,000 of 4% bonds due July 1, 2011;

• $840,000 of 4.15% bonds due July 1, 2012;

• $870,000 of 4.25% bonds due July 1, 2013;

• $910,000 of 4.375% bonds due July 1, 2014;

• $945,000 of 4.5% bonds due July 1, 2015;

• $990,000 of 4.5% bonds due July 1, 2016;

• $2,345,000 of 5.25% bonds due July 1, 2017;

• $2.47 million of 5.25% bonds due July 1, 2018;

• $2,595,000 of 5.25% bonds due July 1, 2019;

• $2,735,000 of 5.25% bonds due July 1, 2020;

• $930,000 of 4.75% bonds due July 1, 2021;

• $1,945,000 of 5.25% bonds due July 1, 2021;

• $16.71 million of 5% bonds due July 1, 2026; and

• $21,215,000 of 4.75% bonds due July 1, 2031.

U.S. Bank NA is the redemption agent.

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