WASHINGTON -- The East Baton Rouge Mortgage Finance Authority says it postponed its controversial proposal to redeem $67.5 million of escrowed-to-maturity housing bonds "in order to assist and cooperate" with a Securities and Exchange Commission review of "certain matters" pertaining to the bonds.

The authority made the statement in a press release issued late Thursday, the day it planned to redeem the bonds that had been issued in 1979 and escrowed to maturity in 1989.

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