New Jersey Economic Development to redeem school construction bonds

By Marisa Wong

Madison, Wis., Feb. 23 - The New Jersey Economic Development Authority said it will redeem its school facilities construction bonds, 2006 series R-1, R-2 and R-3 and 2008 series V-1, V-2, V-4 and X, in full on March 21.

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

To be redeemed are the following bonds:

• $262.54 million of variable-rate 2006R-1 bonds due Sept. 1, 2031;

• $87.515 million of variable-rate 2006R-2 bonds due Sept. 1, 2031;

• $87.515 million of variable-rate 2006R-3 bonds due Sept. 1, 2031;

• $17.97 million of variable-rate 2008V-1 bonds due March 1, 2020;

• $166.33 million of variable-rate 2008V-2 bonds due March 1, 2024;

• $63.59 million of variable-rate 2008V-4 bonds due Sept. 1, 2028; and

• $115.435 million of variable-rate 2008X bonds due Sept. 1, 2033.

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