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Published on 4/26/2010 in the Prospect News Liability Management Daily and Prospect News Municipals Daily.

Gwinnett County, Ga., 2001 Civic Center bonds have mandatory tender

By Marisa Wong

Milwaukee, April 26 - The Development Authority of Gwinnett County, Ga., gave notice that its Civic and Cultural Center expansion project variable-rate revenue bonds, series 2001, have a mandatory tender on May 6.

The mandatory tender is due to the expiration of the Landesbank Hessen-Thuringen Girozentrale, New York Branch liquidity facility on May 10.

The tender price for the bonds will be par.

Affected are all $59.01 million outstanding variable-rate bonds due Sept. 1, 2031.

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


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