Los Angeles MTA's 2008-A sales tax revenue bonds have mandatory tender

By Marisa Wong

Madison, Wis., July 13 - Los Angeles County Metropolitan Transportation Authority said that all of its outstanding series 2008-A Proposition A first tier senior sales tax revenue refunding bonds are subject to mandatory purchase on Aug. 4.

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

The affected bonds include:

• $64.575 million of 2008-A1 bonds due July 1, 2031;

• $64.65 million of 2008-A2 bonds due July 1, 2031;

• $64.65 million of 2008-A3 bonds due July 1, 2031; and

• $64.725 million of 2008-A4 bonds due July 1, 2031.

The Bank of New York Mellon Trust Co., NA is the trustee.

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