New Jersey to redeem $1.7 billion of series 2012A, B notes on Dec. 15

By Ashley Montgomery

Kansas City, Kan., Dec. 8 - The State of New Jersey said it will redeem $1.7 billion of its tax and revenue anticipation notes, series 2012A and 2012B.

The notes will be redeemed at par plus accrued interest to Dec. 15, the redemption date.

The redemption includes $600 million of variable-rate series 2012A notes and $1.1 billion of variable-rate series 2012B notes. Both series are due June 21, 2012.

U.S. Bank, NA is the trustee.

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