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New York to redeem $198.63 million general obligation bonds on May 2
By Melissa Kory
Cleveland, April 5 - The City of New York said that it will redeem its $101.82 million of 5.25% general obligation bonds due on Aug. 1 from 2011 through 2016 and $96.805 million of its series 2001G G.O. bonds.
The series 2001G bonds to be redeemed include:
• $5.865 million of 4.4% bonds due Aug. 1, 2011;
• $3.655 million of 5.25% bonds due Aug. 1, 2011;
• $6.565 million of 4.5% bonds due Aug. 1, 2012;
• $5.32 million of 4.625% bonds due Aug. 1, 2013;
• $13.605 million of 5.25% bonds due Aug. 1, 2014;
• $5.93 million of 4.875% bonds due Aug. 1, 2015;
• $6.275 million of 5.25% bonds due Aug. 1, 2015;
• $6.76 million of 4.9% bonds due Aug. 1, 2016;
• $9.995 million of 5.25% bonds due Aug. 1, 2016;
• $3.72 million of 5% bonds due Aug. 1, 2017;
• $540,000 of 5.25% bonds due Aug. 1, 2017;
• $6.63 million of 5% bonds due Aug. 1, 2018;
• $4.27 million of 5% bonds due Aug. 1, 2019; and
• $17.675 million of 5% bonds due Aug. 1, 2020.
The bonds will be redeemed on May 2 at 101 plus accrued interest to the redemption date.
Bank of New York Mellon is the redemption agent.
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