NYC Transit to redeem $5.93 million certificates of participation

By Ashley Montgomery

Kansas City, Kan., Nov. 15 - The NYC Transit Authority, Metropolitan Transportation Authority and Triborough Bridge and Tunnel Authority announced the redemption of all $5.925 million outstanding of series 2000A certificates of participation due Jan. 1, 2013 and Jan. 1, 2014.

The bonds will be redeemed at par plus accrued interest to the redemption date on Nov. 29.

The affected bonds include $2.885 million of 5.375% bonds due 2013 and $3.04 million of 5.4% bonds due 2014.

The Bank of New York Mellon Trust Co. NA is the trustee.

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