New Jersey Sports and Exposition calls some state contract bonds

By Marisa Wong

Madison, Wis., Jan. 31 - The New Jersey Sports and Exposition Authority said it will redeem portions of its 2007 series B-1, B-2 and B-3 and 2008 series A state contract bonds on March 1.

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

To be redeemed are the following bonds:

• $3.8 million of $53.65 million of 5.976% 2007B-1 bonds due March 1, 2024;

• $3.8 million of $53.475 million of 5.976% 2007B-2 bonds due March 1, 2024;

• $3.775 million of $53.55 million of 5.976% 2007B-3 bonds due March 1, 2024; and

• $4.69 million of $89 million of 6.076% 2008A bonds due March 1, 2023.

Based in East Rutherford, N.J., the authority constructs and operates racing, sports, entertainment and convention venues.

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