New York Local Government redeems $125.9 million refunding bonds

By Ashley Montgomery

Kansas City, Kan., June 1 - New York Local Government Assistance Corp. has redeemed its $63 million series 1995C and $62.9 million 1995E variable-rate refunding bonds due April 1, 2025, according to a notice.

The redemption was completed Friday at par.

According to the notice, the bonds were subject to mandatory tender because the bond facilities issued by Landesbank Hessen-Thuringen Girozentrale in support of the bonds are set to be terminated on July 1.

Bank of New York Mellon was the trustee.

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