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Published on 5/20/2010 in the Prospect News Liability Management Daily and Prospect News Municipals Daily.

Long Island Power, N.Y., calls four series of electric system bonds

By Marisa Wong

Milwaukee, May 20 - The Long Island Power Authority of New York said it will redeem in full its electric system general revenue bonds, series 2003E, 2003F, 2003G and 2003K, on June 3.

The variable-rate bonds will be redeemed at par plus accrued interest up to the redemption date.

To be redeemed are all $55 million of series 2003E bonds due 2029, all $55 million of 2003F bonds due 2029, all $55 million of 2003G bonds due 2029 and all $47 million of 2003K bonds due 2029.


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