Sacramento Transportation's 2009 sales tax bonds have mandatory tender

By Marisa Wong

Madison, Wis., Sept. 7 - Sacramento Transportation Authority said that its series 2009A Measure A sales tax revenue limited tax bonds due Oct. 1, 2038 are subject to mandatory tender for purchase on Sept. 22.

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

The mandatory tender is due to the expiration of the bonds' current liquidity facility and the expected delivery of an alternate liquidity facility.

Deutsche Bank National Trust Co. is the trustee.

The Sacramento local transportation agency is responsible for administering the Measure A program - 0.5% sales tax for transportation improvements in Sacramento County.

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