New Jersey to redeem all $54.42 million of 2003D Kean University bonds

By Tali David

Minneapolis, June 27 - New Jersey Educational Facilities Authority plans to redeem $54.42 million of its series 2003D revenue bonds issued for Kean University in full, according to a notice.

The following bonds will be redeemed at par plus accrued interest on July 1:

• $2.25 million of 5.25% bonds due July 1, 2018;

• $2.37 million of 5.25% bonds due July 1, 2019;

• $2.5 million of 5.25% bonds due July 1, 2020;

• $2,635,000 of 5.25% bonds due July 1, 2021;

• $2,775,000 of 5.25% bonds due July 1, 2022;

• $2,925,000 of 5.25% bonds due July 1, 2023;

• $17.06 million of 5% bonds due July 1, 2028; and

• $21,905,000 of 5% bonds due July 1, 2033.

U.S. Bank NA is the trustee or agent.

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