New York State Thruway defeases $101.21 million tax revenue bonds

By Marisa Wong

Madison, Wis., Sept. 29 - The New York State Thruway Authority said it has defeased and will redeem $101.205 million of its series 2002A and 2003A transportation state personal income tax revenue bonds.

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

The 2002A bonds will be redeemed on March 15, 2012, and the 2003A bonds will be redeemed on March 15, 2013.

Affected are the following 2002A bonds:

• $1.395 million of 4.5% bonds due March 15, 2018;

• $700,000 of 4.6% bonds due March 15, 2019;

• $2.11 million of 4.7% bonds due March 15, 2020;

• $400,000 of 4.85% bonds due March 15, 2021;

• $11.945 million of 5.125% bonds due March 15, 2021;

• $5.02 million of 4.9% bonds due March 15, 2022; and

• $14.44 million of 5% bonds due March 15, 2022.

Affected are the following 2003A bonds:

• $20.675 million of 5% bonds due March 15, 2020;

• $21.14 million of 5% bonds due March 15, 2021; and

• $23.38 million of 5% bonds due March 15, 2022.

The Bank of New York Mellon is the trustee.

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