New York Convention Center defeases $647.5 million hotel fee bonds

By Wendy Van Sickle

Columbus, Ohio, Aug. 28 – The New York Convention Center Development Corp. defeased $647.5 million of its hotel unit fee secured revenue bonds, series 2005, according to a notice.

The following bonds will be redeemed Nov. 15 at par plus accrued interest:

• $1.77 million of 4% bonds due Nov. 15, 2015;

• $2,465,000 of 4.5% bonds due Nov. 15, 2016;

• $3.21 million of 5% bonds due Nov. 15, 2017;

• $4,015,000 of 5% bonds due Nov. 15, 2018;

• $4,875,000 of 5% bonds due Nov. 15, 2019;

• $5,785,000 of 5% bonds due Nov. 15, 2020;

• $6.75 million of 5% bonds due Nov. 15, 2021;

• $7.78 million of 5% bonds due Nov. 15, 2022;

• $8.87 million of 5% bonds due Nov. 15, 2023;

• $10.03 million of 5% bonds due Nov. 15, 2024;

• $11,255,000 of 5% bonds due Nov. 15, 2025;

• $12,555,000 of 5% bonds due Nov. 15, 2026;

• $13,935,000 of 5% bonds due Nov. 15, 2027;

• $50.93 million of 5% bonds due Nov. 15, 2030;

• $121 million of 5% bonds due Nov. 15, 2035;

• $307.27 million of 5% bonds due Nov. 15, 2044; and

• $75 million of 5% bonds due Nov. 15, 2045.

U.S. Bank Trust NA is the trustee.

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