New York City’s G.O. bonds have mandatory tender, to be reoffered

By Marisa Wong

Madison, Wis., June 25 – The City of New York gave notice that its fiscal 1994 series A, subseries A-4, A-6 and A-7, fiscal 1995 series B, subseries B-4, B-8 and B-9 and fiscal 2003 series C, subseries C-2 general obligation bonds were subject to mandatory tender for purchase on June 18.

On June 18, the city converted the bonds to a fixed-rate mode, triggering the mandatory tender.

At the same time, the bonds will be re-designated as fiscal 2015 subseries 1 bonds and will be reoffered in the aggregate principal amount of $316.69 million with new Cusip numbers and maturity dates in the years 2016 through 2024 and coupons ranging from 2% to 5%.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.