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Published on 11/16/2011 in the Prospect News Liability Management Daily and Prospect News Municipals Daily.

New York City calls $329.74 million 2002 series B G.O. bonds at par

By Ashley Montgomery

Kansas City, Kan., Nov. 16 - The City of New York said it would redeem all $329.735 million outstanding of its 2002 series B general obligation bonds.

The bonds will be redeemed at par plus accrued interest to the redemption date, Dec. 1.

The following bonds are affected:

• $1.105 million of 5% bonds due Dec. 1, 2012;

• $25.785 million of 5.5% bonds due Dec. 1, 2012;

• $19.405 million of 5.625% bonds due Dec. 1, 2013;

• $8.96 million of 5% bonds due Dec. 1, 2013;

• $29.9 million of 5% bonds due Dec. 1, 2014;

• $7.75 million of 5.2% bonds due Dec. 1, 2016;

• $13.25 million of 5% bonds due Dec. 1, 2016;

• $13.11 million of 5.25% bonds due Dec. 1, 2017;

• $12.69 million of 5.3% bonds due Dec. 1, 2018;

• $14.535 million of 5.375% bonds due Dec. 1, 2019;

• $15.315 million of 5.375% bonds due Dec. 1, 2020;

• $15.61 million of 5.375% bonds due Dec. 1, 2021;

• $14.28 million of 5.75% bonds due Dec. 1, 2022;

• $68.08 million of 5.375% bonds due Dec. 1, 2026; and

• $69.96 million of 5.5% bonds due Dec. 1, 2031.

The Bank of New York Mellon is the trustee.


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