Nassau County, N.Y., authority's sales tax bonds have mandatory tender

By Marisa Wong

Madison, Wis., April 29 - Nassau County Interim Finance Authority of New York gave notice that its $125 million sales tax secured bonds due Nov. 15, 2025 are subject to mandatory tender for purchase on May 11.

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

The mandatory tender is the result of a substitution of the liquidity facility for the bonds.

The Bank of New York Mellon is the tender agent.

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