Chicago-O'Hare International Airport bonds have mandatory tender

By Melissa Kory

Cleveland, July 28 - The City of Chicago-O'Hare International Airport said its $50 million of series 1984B general airport second-lien revenue bonds are subject to a mandatory tender for purchase on Sept. 1.

The mandatory tender is the result of the expiration of the bonds' letter of credit issued by Societe Generale on Oct. 1. The expiration of the letter of credit may result in a reduction or withdrawal of the ratings on the bonds by Moody's Investors Service and/or Standard & Poor's.

The bonds will be redeemed at par plus accrued interest to the redemption date.

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

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