Illinois' $11.95 million of Field Museum bonds have mandatory tender

By Tali David

Minneapolis, Sept. 24 - The Illinois Educational Facilities Authority said its $11.95 million of series 2002 adjustable medium-term revenue bonds issued for the Field Museum of National History are subject to mandatory tender, according to a notice.

The bonds operate in the adjustable-rate mode in an adjustable-rate period that ends on Nov. 1. On that date, the bonds will be converted to a new adjustable-rate period and will be subject to mandatory tender.

The bonds will be tendered for purchase at par plus accrued interest on Nov. 1.

The Bank of New York Mellon Trust Co., NA is the trustee.

The authority is under the Chicago-based Illinois Finance Authority, which provides funding for nonprofit organizations. The Field Museum is also located in Chicago.

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