Long Island Power to redeem $276.81 million of electric system bonds

By Ashley Montgomery

Kansas City, Kan., July 19 - Long Island Power Authority announced the planned redemptions of its series 2001A and 2003C electric system general revenue bonds, according to two notices.

All of the series 2001A bonds have been called for redemption in full on July 27. The series 2003C bonds have been defeased and will be redeemed on Sept. 1, 2013. Both series will be redeemed at par.

The following series 2001A bonds are affected:

• $435,000 of 4.6% bonds due Sept. 1, 2013;

• $310,000 of 4.7% bonds due Sept. 1, 2014;

• $112,035,000 of 5% bonds due Sept. 1, 2027; and

• $52,395,000 of 5.125% bonds due Sept. 1, 2029.

The following series 2003C bonds are affected:

• $3,475,000 of 4.375% bonds due Sept. 1, 2014;

• $1,345,000 of 4.5% bonds due Sept. 1, 2015;

• $1,715,000 of 4.5% bonds due Sept. 1, 2016;

• $8.62 million of 5% bonds due Sept. 1, 2016;

• $4.08 million of 5% bonds due Sept. 1, 2021;

• $13.71 million of 5% bonds due Sept. 1, 2022;

• $14,745,000 of 5% bonds due Sept. 1, 2023;

• $10,625,000 of 5% bonds due Sept. 1, 2024;

• $35.58 million of 5% bonds due Sept. 1, 2027; and

• $14.93 million of 5% bonds due Sept. 1, 2028.

The Bank of New York Mellon is the agent.

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