Onondaga Tobacco Asset Securitization, N.Y., arranges refunding bonds

By Sheri Kasprzak

New York, Feb. 12 – The Onondaga Tobacco Asset Securitization Corp. has retained Jefferies LLC for a potential refunding bond offering, the corporation announced Thursday.

The bonds will be used to refund the corporation’s series 2001 tobacco settlement pass-through bonds and to purchase from holders the corporation’s series 2005S subordinate bonds, as well as to provide funds to the holders of a residual certificate.

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