Pittsburgh Water & Sewer 2008D2 first-lien bonds have mandatory tender

By Marisa Wong

Madison, Wis., July 23 - The Pittsburgh Water and Sewer Authority said that its $71.225 million of 2008 series D-2 variable-rate demand water and sewer system first-lien revenue refunding bonds are subject to a mandatory tender for purchase on Aug. 5.

The bonds, which are due Sept. 1, 2040, will be purchased in whole at par plus accrued interest up to the purchase date.

The bonds are subject to mandatory tender as a result of the substitution of the initial liquidity facility with an alternate liquidity facility on Aug. 5.

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

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