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Albany, N.Y., defeases 2008 civic facilities bonds, 2011 revenue bonds
By Tali Rackner
Norfolk, Va., March 2 The Albany Industrial Development Agency, N.Y., defeased various series 2008 civic facilities revenue and the Albany Capital Resource Corp. defeased its series 2011 revenue bonds issued for the St. Peters Hospital of the City of Albany project, according to multiple notices.
The 2008 bonds will be redeemed at par plus accrued interest on Nov. 15, 2017, and the 2011 bonds will be redeemed at par plus accrued interest on Nov. 15, 2020.
The following series 2008A bonds were defeased:
$5.29 million of bonds due Nov. 15, 2015;
$5,555,000 of bonds due Nov. 15, 2016;
$5.84 million of bonds due Nov. 15, 2017;
$33.74 million of bonds due Nov. 15, 2022;
$43.33 million of bonds due Nov. 15, 2027; and
$55,975,000 of bonds due Nov. 15, 2032.
The following series 2008B bonds were defeased:
$405,000 of bonds due Nov. 15, 2017;
$825,000 of bonds due Nov. 15, 2022;
$1,055,000 of bonds due Nov. 15, 2027;
$1.38 million of bonds due Nov. 15, 2032.
The following series 2008C bonds were defeased:
$2.6 million of bonds due Nov. 15, 2016; and
$5.21 million of bonds due Nov. 15, 2020.
The following series 2008D bonds were defeased:
$1,395,000 of bonds due Nov. 15, 2017;
$2.89 million of bonds due Nov. 15, 2022;
$3,815,000 of bonds due Nov. 15, 2027;
$5,005,000 of bonds due Nov. 15, 2032.
The following series 2008A bonds were defeased:
$630,000 of bonds due Nov. 15, 2015;
$660,000 of bonds due Nov. 15, 2016;
$685,000 of bonds due Nov. 15, 2017;
$3.96 million of bonds due Nov. 15, 2022;
$5,135,000 of bonds due Nov. 15, 2027; and
$6.69 million of bonds due Nov. 15, 2032.
The following series 20011 bonds were defeased:
$865,000 of bonds due Nov. 15, 2015;
$895,000 of bonds due Nov. 15, 2016;
$940,000 of bonds due Nov. 15, 2017;
$980,000 of bonds due Nov. 15, 2018;
$1.02 million of bonds due Nov. 15, 2019;
$1,075,000 of bonds due Nov. 15, 2020;
$6,355,000 of bonds due Nov. 15, 2025;
$8.53 million of bonds due Nov. 15, 2030; and
$11,445,000 of bonds due Nov. 15, 2038.
Manufacturers and Traders Trust Co. is the trustee and escrow agent.
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