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Tobacco Settlement calls $36 million of its asset-backed bonds
By Tali David
Minneapolis, May 14 - Tobacco Settlement Financing Corp. of the State of New York called $35,995,000 of its asset-backed revenue bonds, series 2003B-1C, according to a redemption notice.
The 5.5% bonds, which are due June 1, 2018, 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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