New York State Thruway defeases highway/bridge trust fund bonds

By Ashley Montgomery

Kansas City, Kan., March 22 - The New York State Thruway Authority said it defeased some of its series 2003A and 2003B second general highway and bridge trust fund bonds.

The bonds will be redeemed April 1, 2013 at par.

The following 2003A bonds are affected:

• $1.67 million of 3.9% bonds due April 1, 2014;

• $375,000 of 4% bonds due April 1, 2015;

• $465,000 of 4% bonds due April 1, 2016;

• $3.83 million of 4.125% bonds due April 1, 2017;

• $300,000 of 4.3% bonds due April 1, 2019;

• $535,000 of 4.4% bonds due April 1, 2020;

• $300,000 of 4.5% bonds due April 1, 2021;

• $1,205,000 of 4.5% bonds due April 1, 2022; and

• $5,325,000 of 4.6% bonds due April 1, 2023.

The following 2003B bonds are affected:

• $8.04 million of 3.5% bonds due April 1, 2015;

• $5,235,000 of 4% bonds due April 1, 2019;

• $21.99 million of 4.75% bonds due April 1, 2021;

• $23,035,000 of 4.75% bonds due April 1, 2022; and

• $24.13 million of 4.25% bonds due April 1, 2023.

Bank of New York Mellon is the trustee.

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