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Published on 9/10/2012 in the Prospect News Liability Management Daily and Prospect News Municipals Daily.

New Jersey Environmental defeases $81.28 million infrastructure bonds

By Ashley Montgomery

Kansas City, Kan., Sept. 10 - The New Jersey Environmental Infrastructure Trust defeased $81,275,000 of its series 2005A environmental infrastructure bonds, according to a notice.

The following bonds will be redeemed on Sept. 1, 2014 at par plus interest:

• $6,265,000 of 4% bonds due Sept. 1, 2015;

• $6,445,000 of 4% bonds due Sept. 1, 2016;

• $6,715,000 of 4% bonds due Sept. 1, 2017;

• $6.98 million of 4.25% bonds due Sept. 1, 2018;

• $7.29 million of 4.25% bonds due Sept. 1, 2019;

• $7.57 million of 4.5% bonds due Sept. 1, 2020;

• $7.86 million of 4.375% bonds due Sept. 1, 2021;

• $7.81 million of 4.375% bonds due Sept. 1, 2022;

• $7.91 million of 4.375% bonds due Sept. 1, 2023;

• $8,235,000 of 4.375% bonds due Sept. 1, 2021; and

• $8,195,000 of 4.375% bonds due Sept. 1, 2025.

U.S. Bank, NA is the escrow agent.


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