Wyoming Community Development's mortgage bonds have mandatory tender

By Marisa Wong

Madison, Wis., Oct. 6 - Wyoming Community Development Authority gave notice that its single family mortgage bonds are subject to mandatory tender for purchase on Oct. 20.

The affected bonds include

• $9.545 million of 2001 series A bonds due Dec. 1, 2035;

• $37 million of 2002 series A bonds due Dec. 1, 2035; and

• $6 million of 2003 series B bonds due Dec. 1, 2033.

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

The mandatory tender is a result of the substitution of a standby bond purchase agreement with Bank of America, NA and Wells Fargo, NA for the bonds' current liquidity facility.

Wells Fargo is the trustee and agent.

The authority finances affordable housing in Wyoming and is based in Casper, Wyo.

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