West Virginia Parkways Authority's 2008 bonds have mandatory tender

By Marisa Wong

Madison, Wis., July 21 - West Virginia Parkways Authority said that its $59.1 million of variable-rate demand revenue refunding bonds, series 2008, are subject to mandatory tender for purchase on July 26.

The mandatory tender is due to the expiration of the bonds' liquidity facility on Aug. 2.

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

United Bank, Inc. is the trustee.

The Charleston, W.Va.-based authority operates and maintains the West Virginia Turnpike.

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