Delaware River Toll Bridge $69.83 million bonds have mandatory tender

By Melissa Kory

Cleveland, May 3 - Delaware River Joint Toll Bridge Commission said that its $69.825 million of series 2007B-1 bridge system revenue bonds are subject to a mandatory tender for purchase on May 18 at par.

The mandatory tender is a result of the expiration of the bonds' existing letter of credit issued by Dexia Credit Local on May 25.

TD Bank, NA is the trustee.

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