Tobacco Settlement, N.J., calls $104.51 million asset-backed bonds

By Melissa Kory

Cleveland, May 2 - The Tobacco Settlement Financing Corp. of New Jersey said it will redeem its $53.535 million of 5.75% series 2002 and $50.975 million of 6.125% series 2003 asset-backed bonds.

The series 2002 bonds are due June 1, 2032, and the series 2003 bonds are due June 1, 2024.

The bonds will be redeemed on June 1 at par, plus accrued interest to the redemption date.

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

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