Triborough Bridge and Tunnel, N.Y., accepts $69.11 million tenders

By Tali David

Minneapolis, Dec. 13 - The Triborough Bridge and Tunnel Authority, N.Y., (MTA Bridges and Tunnels) accepted tenders for $69,105,000 of its series 2002E subordinate revenue refunding bonds, according to a notice.

The following amounts were accepted for purchase:

• $6.86 million of bonds due Nov. 15, 2018 at $1,216.55 per $1,000 par amount;

• $12,035,000 of bonds due Nov. 15, 2019 at $1,230 per $1,000 par amount;

• $24,545,000 of bonds due Nov. 15, 2020 at $1,225.99 per $1,000 par amount; and

• $25,665,000 of bonds due Nov. 15, 2021 at $1,230 per $1,000 par amount.

The authority had offered to purchase $31,645,000 of 2018 notes, $56.49 million of 2019 notes, $59.05 million of 2020 notes and $61,745,000 of 2021 notes.

The offer began on Nov. 21 and expired at 5 p.m. ET on Dec. 11. The expiration date was extended from 5 p.m. ET on Dec. 10.

Settlement is slated for Dec. 20.

Jefferies LLC (800 567-8567) is the dealer manager, and Global Advisors (attn.: Robert Stevens, 212 227-9699 or 800 974-5771) is the information agent.

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