New York's Erie Tobacco Asset Securitization calls $181.43 million tobacco settlement bonds

By Marisa Wong

Milwaukee, June 15 - The Erie Tobacco Asset Securitization Corp. of New York said it will redeem $181.425 million of its asset-backed tobacco settlement bonds on July 15.

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

To be redeemed at par are $1.07 million of 6% bonds due July 15, 2020.

To be redeemed at 101% are the following bonds:

• $8.74 million of 6% bonds due July 15, 2020;

• $2.005 million of 5.5% bonds due July 15, 2011;

• $2.275 million of 5.5% bonds due July 15, 2012;

• $2.495 million of 5.75% bonds due July 15, 2013;

• $2.605 million of 5.75% bonds due July 15, 2014;

• $2.72 million of 5.75% bonds due July 15, 2015;

• $16.825 million of 6.5% bonds due July 15, 2024;

• $36.06 million of 6.125% bonds due July 15, 2030;

• $17.5 million of 6.5% bonds due July 15, 2032; and

• $89.13 million of 6.25% bonds due July 15, 2040.

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