New Jersey Sports and Exposition Authority defeases 12 series of bonds

By Marisa Wong

Madison, Wis., Sept. 8 - New Jersey Sports and Exposition Authority gave notice that it defeased portions of 12 series of its state contract bonds on Aug. 31.

The defeasance included the following bonds:

• $2.68 million of 1992 series A 6.5% bonds due March 1, 2013;

• $2.345 million of 1998 series A 5.25% bonds due March 1, 2012;

• $2.79 million of 1998 series A 5.25% bonds due March 1, 2013;

• $3.28 million of 1998 series A 5.25% bonds due March 1, 2014;

• $3.45 million of 1998 series A 5.25% bonds due March 1, 2015;

• $365,000 of 1998 series A 5.5% bonds due March 1, 2016;

• $385,000 of 1998 series A 5.5% bonds due March 1, 2017;

• $4.12 million of 1998 series A 4.5% bonds due March 1, 2019;

• $22.8 million of 1998 series A 4.5% bonds due March 1, 2024;

• $5.785 million of 1999 series A 6.75% bonds due March 1, 2012;

• $2.85 million of 2000 series A 6% bonds due March 1, 2012;

• $3.025 million of 2000 series A 6% bonds due March 1, 2013;

• $2.51 million of 2000 series B 7.375% bonds due March 1, 2012;

• $1.25 million of 2005 series A 3.6% bonds due March 1, 2012;

• $985,000 of 2007 series A 4% bonds due March 1, 2012;

• $3.525 million of 2007 series B-1 5.976% bonds due March 1, 2024;

• $3.525 million of 2007 series B-2 5.976% bonds due March 1, 2024;

• $3.525 million of 2007 series B-3 5.976% bonds due March 1, 2024;

• $4.975 million of 2008 series A 6.076% bonds due March 1, 2023;

• $30,000 of 2008 series B 3% bonds due Sept. 1, 2012;

• $40,000 of 2008 series B 5% bonds due Sept. 1, 2012;

• $40,000 of 2008 series B 3.25% bonds due Sept. 1, 2013;

• $45,000 of 2008 series B 5% bonds due Sept. 1, 2013;

• $40,000 of 2008 series B 3.5% bonds due Sept. 1, 2014;

• $80,000 of 2008 series B 5% bonds due Sept. 1, 2014;

• $30,000 of 2008 series B 4.5% bonds due Sept. 1, 2015;

• $100,000 of 2008 series B 5% bonds due Sept. 1, 2015;

• $25,000 of 2008 series B 3.75% bonds due Sept. 1, 2016;

• $105,000 of 2008 series B 5% bonds due Sept. 1, 2016;

• $10,000 of 2008 series B 3.875% bonds due Sept. 1, 2017;

• $125,000 of 2008 series B 5% bonds due Sept. 1, 2017;

• $270,000 of 2008 series B 5% bonds due Sept. 1, 2018;

• $135,000 of 2008 series B 4% bonds due Sept. 1, 2019;

• $35,000 of 2008 series B 4.25% bonds due Sept. 1, 2020;

• $85,000 of 2008 series B 4.25% bonds due Sept. 1, 2021;

• $85,000 of 2008 series B 4.5% bonds due Sept. 1, 2022;

• $85,000 of 2008 series B 4.5% bonds due Sept. 1, 2023; and

• $295,000 of 2008 series B 4.5% bonds due Sept. 1, 2024.

The Bank of New York Mellon is the agent.

Based in East Rutherford, N.J., the authority constructs and operates racing, sports, entertainment and convention venues.

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