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Published on 8/6/2010 in the Prospect News Liability Management Daily and Prospect News Municipals Daily.

Port of Seattle's 2005 subordinate-lien bonds have mandatory tender

By Marisa Wong

Madison, Wis., Aug. 6 - The Port of Seattle gave notice that its $62.925 million of series 2005 subordinate-lien revenue bonds due 2035 have a mandatory tender for purchase on Aug. 10.

The mandatory tender is a result of the expiration of the letter of credit issued by BNP Paribas on Aug. 17.

The Bank of New York Mellon is the agent.


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