New Jersey Economic Development 2008 V-1 bonds have mandatory tender

By Marisa Wong

Madison, Wis., Sept. 29 - The New Jersey Economic Development Authority said its $63.945 million of school facilities construction refunding bonds, 2008 sub-series V-1, are subject to a mandatory tender for purchase.

The authority said it elected to provide an alternate credit facility for the bonds to be issued by Barclays Bank plc.

The mandatory purchase date will be Oct. 27, which is the substitution date for the facility.

The bonds will be purchased at par plus accrued interest to the purchase date.

U.S. Bank NA is the trustee and tender agent.

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