New York City Water Finance to redeem seven series of revenue bonds

By Marisa Wong

Madison, Wis., June 24 - New York City Municipal Water Finance Authority said it will redeem its water and sewer system revenue bonds, 2001 series E and 2002 series A, B, C, E, F and G, in full on July 25.

The $67.41 million of outstanding 5.125% 2001E bonds due June 15, 2031 will be redeemed at 101, while the following bonds will be redeemed at par:

• $116.305 million of 5% 2002A bonds due June 15, 2032;

• $102.935 million of 5% 2002B bonds due June 15, 2026;

• $125,000 of 5.125% 2002C bonds due June 15, 2027;

• $130,000 of 5.125% 2002C bonds due June 15, 2028;

• $140,000 of 5.125% 2002C bonds due June 15, 2029;

• $44.82 million of 5% 2002C bonds due June 15, 2032;

• $146.98 million of 5% 2002E bonds due June 15, 2026;

• $350,000 of 5% 2002F bonds due June 15, 2026;

• $365,000 of 5% 2002F bonds due June 15, 2027;

• $385,000 of 5% 2002F bonds due June 15, 2028;

• $100.405 million of 5% 2002F bonds due June 15, 2029; and

• $116.375 million of 5.125% 2002G bonds due June 15, 2032.

The New York authority is responsible for financing the capital needs of the city's water and sewer system operated by the New York City Department of Environmental Protection.

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