Sunshine State Financing's $98.58 million bonds have mandatory tender

By Melissa Kory

Cleveland, July 14 - The Sunshine State Governmental Financing Commission of Florida said its $98.575 million of outstanding series 1986 revenue bonds are subject to a mandatory tender for purchase on July 27.

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

The mandatory tender is in connection with the expiration of the letter of credit by Dexia Credit Local on Aug. 1.

Deutsche Bank Trust Co. Americas is the agent.

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