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Published on 12/2/2011 in the Prospect News Liability Management Daily and Prospect News Municipals Daily.

Triborough Bridge & Tunnel, N.Y., calls parts of three series of bonds

By Tali David

Minneapolis, Dec. 2 - Triborough Bridge and Tunnel Authority has called $11 million of its series 2000CD subordinate revenue variable-rate refunding bonds, $620.79 million of its series 2001A general purpose revenue bonds and $75.25 million of its series 2002A general purpose revenue bonds, according to separate releases.

The 2000CD bonds, which are due Jan. 1, 2019, will be redeemed at par plus interest on Jan. 1. Following the redemption, the remaining amount on the notes will be $89.85 million.

The authority has called $36.635 million of its series 2001A 5.5% bonds due Jan. 1, 2024 and $584.155 million of its series 2001A 5% bonds due Jan. 1, 2032. The bonds will be redeemed at par plus interest on Jan. 1.

The authority has also called $75.25 million of its series 2002A 5.125% bonds due Jan. 1, 2013. The bonds will be redeemed at par plus interest on Jan. 1.

The authority is a division of the Metropolitan Transportation Authority of New York. It operates seven intrastate toll bridges and two tunnels in New York City.


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