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Published on 8/18/2010 in the Prospect News Liability Management Daily and Prospect News Municipals Daily.

Essex County, N.J., calls series 2000 correctional facility G.O. bonds

By Marisa Wong

Madison, Wis., Aug. 18 - The Essex County Improvement Authority of New Jersey said it will redeem its outstanding series 2000 County of Essex County Correctional Facility Project general obligation lease revenue bonds at par on Oct. 1.

To be redeemed are the following bonds:

• $4.1 million of 5.25% bonds due Oct. 1, 2011;

• $3.09 million of 5.75% bonds due Oct. 1, 2012;

• $1.225 million of 5.3% bonds due Oct. 1, 2012;

• $4.555 million of 5.75% bonds due Oct. 1, 2013;

• $3.39 million of 5.75% bonds due Oct. 1, 2014;

• $1.43 million of 5.5% bonds due Oct. 1, 2014;

• $5.09 million of 5.75% bonds due Oct. 1, 2015;

• $5.385 million of 5.75% bonds due Oct. 1, 2016;

• $13.045 million of 5.75% bonds due Oct. 1, 2020;

• $39.96 million of 6% bonds due Oct. 1, 2025;

• $53.195 million of 5.75% bonds due Oct. 1, 2030;

• $5.695 million of 5.5% bonds due Oct. 1, 2017; and

• $6.01 million of 5.5% bonds due Oct. 1, 2018.

The Bank of New York Mellon is the trustee.


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