New York State Power Authority redeems $7.57 million notes due 2016

By Melissa Kory

Cleveland, March 22 - The Power Authority of the State of New York said it redeemed $7.565 million of its $55.5 million of variable-rate tender notes due March 1, 2016.

The notes were redeemed on March 1 at par, plus accrued interest to the redemption date.

Bank of New York Mellon is the redemption agent.

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