Montgomery County, Pa., PECO Energy bonds subject to mandatory tender

By Marisa Wong

Milwaukee, June 11 - The Montgomery County Industrial Development Authority of Pennsylvania gave notice that its PECO Energy Co. Project pollution control revenue refunding bonds, 1994 series A and B, are subject to a mandatory purchase.

The bonds will be purchased on June 25 at par plus accrued interest up to the redemption date.

The mandatory purchase is the result of the expiration of the BNP Paribas Bank letter of credit, which will not be replaced by an alternate letter of credit.

Affected are $82.56 million of 1994A bonds and $13.34 million of 1994B bonds.

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

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