New York City Transitional Finance calls $392.27 million tax bonds

By Marisa Wong

Madison, Wis., Jan. 3 - The New York City Transitional Finance Authority gave notice that it will redeem all $392.265 million of its outstanding future tax secured bonds, fiscal 2001 series B and C, on Feb. 1.

The bonds will be redeemed at 101 plus accrued interest up to the redemption date.

To be redeemed are the following 2001B bonds:

• $2.825 million of 4.4% bonds due Feb. 1, 2012;

• $1.69 million of 4.5% bonds due Feb. 1, 2013;

• $2.72 million of 4.8% bonds due Feb. 1, 2016;

• $1.925 million of 4.9% bonds due Feb. 1, 2017;

• $13.48 million of 5% bonds due Feb. 1, 2018;

• $9.855 million of 5% bonds due Feb. 1, 2019;

• $4.265 million of 5% bonds due Feb. 1, 2020;

• $24.85 million of 5.5% bonds due Feb. 1, 2012;

• $27.135 million of 5.5% bonds due Feb. 1, 2013;

• $30.75 million of 5.5% bonds due Feb. 1, 2014;

• $32.445 million of 5.5% bonds due Feb. 1, 2015;

• $31.105 million of 5.5% bonds due Feb. 1, 2016; and

• $28.45 million of 5.5% bonds due Feb. 1, 2017.

To be redeemed are the following 2001C bonds:

• $24.6 million of 5.5% bonds due Feb. 1, 2012;

• $8.02 million of 4.4% bonds due Feb. 1, 2012;

• $31.4 million of 5.375% bonds due Feb. 1, 2013;

• $14.415 million of 5.375% bonds due Feb. 1, 2016;

• $10.345 million of 5.375% bonds due Feb. 1, 2018;

• $13 million of 5% bonds due Feb. 1, 2019;

• $14.335 million of 5.125% bonds due Feb. 1, 2021;

• $2.935 million of 4.5% bonds due Feb. 1, 2013;

• $12.385 million of 5.375% bonds due Feb. 1, 2014;

• $535,000 of 4.625% bonds due Feb. 1, 2014;

• $13.585 million of 5.375% bonds due Feb. 1, 2015;

• $1.205 million of 4.75% bonds due Feb. 1, 2015;

• $1.16 million of 4.8% bonds due Feb. 1, 2016;

• $10.66 million of 5.375% bonds due Feb. 1, 2017;

• $185,000 of 4.9% bonds due Feb. 1, 2017;

• $1.08 million of 4.9% bonds due Feb. 1, 2018;

• $13.655 million of 5% bonds due Feb. 1, 2020; and

• $7.27 million of 5% bonds due Feb. 1, 2022.

The authority is a public benefit corporation that funds a portion of New York City's capital program and facilitates the city's finance program.

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