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Whiting, Ind.'s BP Products North America bonds have mandatory tender
By Marisa Wong
Madison, Wis., Nov. 17 - The City of Whiting, Ind., gave notice that its $60 million of outstanding BP Products North America Inc. Project environmental facilities revenue bonds, series 2005, are subject to mandatory tender and purchase on Dec. 1.
The bonds, which are due July 1, 2040, will be purchased at par.
The bonds are subject to mandatory tender because they will be converted from the daily mode to the fixed-rate mode on Dec. 1.
The Bank of New York Mellon Trust Co., NA is the trustee for the bonds.
BP plc subsidiary BP Products North America engages in the exploration, development, production, refining and marketing of oil and natural gas. It operates a refinery in Whiting, Ind.
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