Tobacco Settlement, N.J., calls $1.28 billion of series 2003 bonds

By Tali David

Minneapolis, April 29 - Tobacco Settlement Financing Corp. of New Jersey plans to redeem $1,281,140,000 of its series of 2003 asset-backed bonds in full, according to a notice.

The following bonds will be redeemed at par plus accrued interest on June 1:

• $289.24 million of 6.375% bonds due June 1, 2032;

• $554.23 million of 6.75% bonds due June 1, 2039;

• $178,075,000 of 7% bonds due June 1, 2041; and

• $259,595,000 of 6.25% bonds due June 1, 2043.

U.S. Bank NA is the trustee or agent.

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