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Published on 3/30/2011 in the Prospect News Liability Management Daily and Prospect News Municipals Daily.

New York calls all series 1995C, 1996A, 1998F, 2001A G.O. bonds

By Marisa Wong

Madison, Wis., March 30 - The State of New York gave notice that it will redeem all outstanding series 1995C, 1996A, 1998F and 2001A general obligation refunding bonds on April 29.

The bonds will be redeemed at the redemption price plus accrued interest to the redemption date. The 1995C, 1996A and 1998F bonds will be redeemed at par. The series 2001A bonds will be redeemed at 101.

To be redeemed are the following bonds:

• $32.615 million of 1995C bonds with coupons of 5.25%, 5.375% and 5.625%, which are due 2011, 2012 and 2020;

• $11.175 million of 1996A bonds with coupons of 5.25% and 5.3%, which mature in the years 2011 through 2017 and 2024;

• $129.12 million of 1998F bonds with coupons of 5% or 5.25%, which mature in the years 2011 through 2018 and 2021; and

• $133.385 million of 2001A bonds with coupons ranging from 4.375% to 5%, which are due 2012 through 2025.


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