Pinal County, Ariz., electric district's bonds have mandatory tender

By Marisa Wong

Madison, Wis., Sept. 9 - Electrical District No. 3 of Pinal County, Ariz., said its 2006 series A and 2006 series B refunding and capital improvement electric system revenue bonds are subject to mandatory tender for purchase on Oct. 3 at par.

The affected bonds include $60 million of 2006A bonds and $23.59 million of 2006B bonds.

The mandatory tender is due to adjustment of the bonds' index floating rate.

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