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Tobacco Settlement calls $29.69 million of its asset-backed bonds
By Tali David
Minneapolis, May 15 - Tobacco Settlement Financing Corp. of the State of New York called $29,685,000 of its asset-backed revenue bonds, series 2003A-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 is the trustee.
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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