Tobacco Settlement Financing, N.J., says bonds have mandatory tender

By Ashley Montgomery

Kansas City, Kan., April 27 - Tobacco Settlement Financing Corp. of the State of New Jersey said portions of its series 2003 asset-backed bonds and all of its series 2002 asset-backed bonds are subject to mandatory tender.

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

The following series 2002 bonds are affected:

• $22.59 million of 5% bonds due June 1, 2013;

• $23.2 million of 5% bonds due June 1, 2014;

• $23,845,000 of 5% bonds due June 1, 2015;

• $7.09 million of 5.125% bonds due June 1, 2016;

• $17,535,000 of 5.75% bonds due June 1, 2016;

• $55.31 million of 5.375% bonds due June 1, 2018;

• $323.17 million of 5.75% bonds due June 1, 2032;

• $385.54 million of 6% bonds due June 1, 2037; and

• $527.815,000 of 6.125% bonds due June 1, 2042.

The following series 2003 bonds are affected:

• $6 million of 6.125% bonds due June 1, 2024; and

• $48.62 million of 6.375% bonds due June 1, 2032.

U.S. Bank is the agent.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.