Dasny 1990B Cornell University bonds have mandatory tender May 3

By Marisa Wong

Milwaukee, April 7 - The Dormitory Authority of the State of New York gave notice that its $56 million Cornell University revenue bonds, series 1990B, have a mandatory tender for purchase on May 3.

The purchase price for the bonds will be par.

The mandatory tender for purchase follows a conversion of the interest rate on the bonds to a fixed rate from a daily rate, effective May 3.

Manufacturers and Traders Trust Co. is the trustee and agent.

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