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Published on 2/24/2012 in the Prospect News Liability Management Daily and Prospect News Municipals Daily.

New York Local Government Assistance calls $49.31 million of bonds

By Tali David

Minneapolis, Feb. 24 - New York Local Government Assistance Corp. called $49,305,000 of its bonds, according to multiple releases.

The following bonds will be redeemed at par plus accrued interest on April 1:

• $43,105,000 of series 1993E bonds. Following the transaction, $94.12 million of the securities will remain;

• $3 million of series 1995C bonds. Following the transaction, $63 million will remain; and

• $3.2 million of series 1995E bonds. Following the transaction, $62.9 million will remain.

The Bank of New York is the successor trustee.


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