New York City to defease 92 bond series with funds from G.O. bonds

By Susanna Moon

Chicago, Oct. 21 - New York City said it will defease several series of bonds by redeeming them with proceeds from fiscal 2010 series B and C general obligation bonds issued on Oct. 15.

The city will defease 92 series of bonds with coupons between 3.13% and 5.75% at prices ranging from par to 101% of par.

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