New Jersey Turnpike Authority calls its 2003 C-2 and C-3, 1991C bonds

By Tali David

Minneapolis, Dec. 1 - New Jersey Turnpike Authority announced the conditional redemption of all of its turnpike revenue bonds, series 2003 C-2 and C-3, and the partial redemption of its series 1991C bonds, according to a press release.

The authority will retire all $225 million of its C-2 bonds due Jan. 1, 2024 and $50 million of its C-3 bonds, also due Jan. 1, 2024. The bonds will be redeemed at par plus interest on Jan. 3.

The authority will redeem $113.48 million of its series 1991C bonds due Jan. 1, 2016 at par plus interest, on Jan. 1. Following this redemption, the remaining amount will be $382.795 million.

The Bank of New York Mellon is the co-trustee.

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