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Tobacco Settlement of N.Y. calls $219.7 million of asset-backed bonds
By Tali David
Minneapolis, May 3 - Tobacco Settlement Financing Corp. of the State of New York called $219.7 million of its asset-backed fixed-rate revenue bonds, series 2003A-1C and 2003B-1C, according to two redemption notices.
The company will redeem $111.6 million of its 2003A-1C bonds and $108.1 million of its 2003B-1C bonds, both of which are due June 1, 2018.
The 5.5% bonds will be redeemed at par plus accrued interest on June 1.
The Bank of New York Mellon Trust Co., NA is the agent.
The New York City-based corporation was created to purchase all or a portion of the state's share of the tobacco settlement revenues.
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