New York State Thruway to redeem all 5.5% highway and bridge bonds

By Ashley Montgomery

Kansas City, Kan., March 20 - The New York State Thruway Authority will redeem all $18.31 million outstanding of its 5.5% local highway and bridge bonds due April 1, 2013, according to a notice.

The bonds will be redeemed April 16 at par plus accrued interest to the redemption date.

The bonds are guaranteed by Ambac Insurance Corp.

Bank of New York Mellon is the trustee.

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