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Burke County authority's Georgia Power bonds have mandatory tender
By Marisa Wong
Madison, Wis., Sept. 24 - The Development Authority of Burke County, Ga., said its $114.31 million of Georgia Power Co., Plant Vogtle Project pollution control revenue bonds, first series 2009, due July 1, 2049 are subject to mandatory tender for purchase on Oct. 8.
The bonds are subject to mandatory tender because interest on the bonds will no longer accrue at the two-day rate, effective Oct. 8.
The purchase price for the bonds will be par plus accrued interest up to the effective date.
The Bank of New York Mellon Trust Co., NA is the trustee.
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