Connecticut's 2005 series A G.O. bonds have mandatory tender on Aug. 1

By Marisa Wong

Madison, Wis., July 15 - State of Connecticut said that its $300 million of 2005 series A variable-rate demand general obligation bonds due March 1, 2023 are subject to mandatory tender for purchase on Aug 1.

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

The mandatory tender is due to conversion of the interest rate to the flexible rate from the weekly rate.

U.S. Bank NA is the tender agent.

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