New York State Thruway to redeem various highway and bridge bonds

By Tali David

Minneapolis, March 15 - The New York State Thruway Authority said it will redeem $247,195,000 of its local highway and bridge service contract bonds, series 2002, according to a notice.

The following 5.5% bonds will be redeemed at par plus accrued interest on April 16:

• $92.31 million of bonds due April 1, 2013;

• $74,555,000 of bonds due April 1, 2014;

• $59.15 million of bonds due April 1, 2015;

• $20.91 million of bonds due April 1, 2016; and

• $270,000 of bonds due April 1, 2017.

The Bank of New York Mellon is the trustee.

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