South Jersey Port calls $77.34 million 2002K, L marine terminal bonds

By Tali David

Minneapolis, Oct. 31 - The South Jersey Port Corp. of Camden, N.J., called $17,045,000 of its series 2002K and $60.29 million of series 2002L marine terminal revenue refunding bonds, according to two notices.

The following series 2002K bonds will be redeemed at plus accrued interest on Jan. 1, 2013:

• $1.35 million of 4.8% bonds due Jan. 1, 2014;

• $1.41 million of 4.8% bonds due Jan. 1, 2015;

• $1.48 million of 5% bonds due Jan. 1, 2016;

• $1.56 million of 5% bonds due Jan. 1, 2017;

• $1,635,000 of 5% bonds due Jan. 1, 2018;

• $8.62 million of 5.2% bonds due Jan. 1, 2023; and

• $990,000 of 5.25% bonds due Jan. 1, 2024.

The following series 2002L bonds will be redeemed at par plus accrued interest on Jan. 1, 2013:

• $3,575,000 of 4.4% bonds due Jan. 1, 2014;

• $3.75 million of 4.5% bonds due Jan. 1, 2015;

• $3.92 million of 4.5% bonds due Jan. 1, 2016;

• $4.09 million of 4.5% bonds due Jan. 1, 2017;

• $4.28 million of 4.75% bonds due Jan. 1, 2018;

• $4,485,000 of 4.85% bonds due Jan. 1, 2019;

• $4.7 million of 5% bonds due Jan. 1, 2020;

• $8,645,000 of 5% bonds due Jan. 1, 2023;

• $4.96 million of 5% bonds due Jan. 1, 2026; and

• $17,885,000 of 5.1% bonds due Jan. 1, 2033.

U.S. Bank NA is the trustee.

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