New York City Finance calls 2000C, 2002B future tax secured bonds

By Marisa Wong

Milwaukee, March 26 - The New York City Transitional Finance Authority gave notice that it will redeem its $482,185,000 of future tax secured bonds, fiscal 2000 series C tax-exempt bonds in full on May 1. It will also redeem a portion of its $177,015,000 future tax secured bonds, fiscal 2002 series B taxable adjustable-rate bonds on May 1.

The 2000C bonds will be redeemed at 101 plus accrued interest up to the redemption date. The 2002B bonds will be redeemed at par plus accrued interest up to the redemption date.

The authority will redeem $3,305,000 of the outstanding 2002B bonds due May 1, 2030.

To be redeemed are the following 2000C bonds:

• $22,775,000 of 5.875% bonds due Nov. 1, 2015;

• $1,655,000 of 5.875% bonds due Nov. 1, 2015;

• $9,995,000 of 5% bonds due Nov. 1, 2010;

• $3.44 million of 5% bonds due Nov.1, 2011;

• $3,065,000 of 5.125% bonds due Nov. 1, 2012;

• $645,000 of 5.25% bonds due Nov. 1, 2013;

• $850,000 of 5.25% bonds due Nov. 1, 2014;

• $10,125,000 of 5.5% bonds due Nov. 1, 2010;

• $17.74 million of 5.75% bonds due Nov. 1, 2011;

• $19,305,000 of 5.875% bonds due Nov. 1, 2012;

• $23,015,000 of 5.875% bonds due Nov. 1, 2013;

• $24,195,000 of 5.875% bonds due Nov. 1, 2014;

• $845,000 of 5.375% bonds due Nov. 1, 2015;

• $2,895,000 of 5.875% bonds due Nov. 1, 2015;

• $865,000 of 5.4% bonds due Nov. 1, 2016;

• $25,545,000 of 5.875% bonds due Nov. 1, 2016;

• $880,000 of 5.5% bonds due Nov. 1, 2017;

• $28.83 million of 5.875% bonds due Nov. 1, 2017;

• $31,455,000 of 5.5% bonds due Nov. 1, 2018;

• $33.18 million of 5.5% bonds due Nov. 1, 2019;

• $35.01 million of 5.5% bonds due Nov. 1, 2020;

• $71,945,000 of 5.5% bonds due Nov. 1, 2024; and

• $114.56 million of 5.5% bonds due Nov. 1, 2029.

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