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Garden State Preservation Trust, N.J. defeases $279.3 million of bonds
By Ashley Montgomery
Kansas City, Kan., April 26 - Garden State Preservation Trust, N.J., defeased series 2003A and 2005A open space and farmland preservation bonds, according to a notice.
The trust defeased a total of $18,515,000 of the series 2003A bonds due in 2012, 2017, 2018, and 2021. It also defeased a total of $260.78 million of 5.8% series 2005 bonds due in the years 2016 to 2023.
The 2003 bonds will be redeemed on Nov. 1, 2013 and the 2005 bonds will be redeemed on Nov. 1, 2015, all at par, plus accrued interest to the redemption date.
TD Bank, NA is the agent.
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