Colorado Springs, Colo., utilities system bonds have mandatory tender

By Marisa Wong

Madison, Wis., Sept. 1 - City of Colorado Springs, Colo., said that its $50 million series 2008A variable-rate demand utilities system improvement revenue bonds are subject to mandatory tender for purchase on Sept. 6.

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

The mandatory tender is due to substitution of a new standby bond purchase agreement for the bonds' existing liquidity facility provided by JPMorgan Chase Bank, NA.

Bank of America, NA and Wells Fargo Bank, NA are the tender agents.

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