Port Authority of New York and New Jersey to redeem $153.25 million bonds

By Tali David

Minneapolis, Oct. 28 - Port Authority of New York and New Jersey announced that it will redeem $153.25 million of its series 122 consolidated bonds.

The following bonds will be redeemed on Dec. 1 at par plus accrued interest:

• $12.35 million of 5.5% notes due July 15, 2012;

• $12.965 million of 5% notes due July 15, 2013;

• $13.62 million of 5% notes due July 15, 2014;

• $14.315 million of 5% notes due July 15, 2015;

• $2.66 million of 5% notes due July 15, 2016;

• $2.8 million of 5% notes due July 15, 2017;

• $2.95 million of 5% notes due July 15, 2018;

• $3.015 million of 5% notes due July 15, 2019;

• $3.275 million of 5% notes due July 15, 2020;

• $3.455 million of 5% notes due July 15, 2021;

• $3.64 million of 5% notes due July 15, 2022;

• $16.675 million of 5% notes due July 15, 2026;

• $26.6 million of 5% notes due July 15, 2031; and

• $34.84 million of 5.125% notes due Jan. 15, 2036.

The authority is based in New York City.

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