New Jersey defeases $1.02 billion of series 2004 cigarette tax bonds

By Tali David

Minneapolis, April 25 - New Jersey Economic Development Authority defeased $1,017,640,000 of its series 2004 cigarette tax revenue bonds, according to a news release.

The following bonds will be redeemed at par plus accrued interest to the redemption date:

• $52,585,000 of 5% bonds due June 15, 2012;

• $50,775,000 of 5% bonds due June 15, 2013;

• $53,365,000 of 5.375% bonds due June 15, 2014;

• $53.76 million of 5.375% bonds due June 15, 2015;

• $53,015,000 of 5.5% bonds due June 15, 2016;

• $18,345,000 of 5.625% bonds due June 15, 2018;

• $19,785,000 of 5.625% bonds due June 15, 2019;

• $248,255,000 of 5.5% bonds due June 15, 2024;

• $243.86 million of 5.75% bonds due June 15, 2029;

• $98.96 million of 5.5% bonds due June 15, 2031; and

• $124,935,000 of 5.75% bonds due June 15, 2034.

U.S. Bank NA is the escrow agent.

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