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New York City Transitional Finance's 2003A future tax secured bonds have mandatory tender
By Marisa Wong
Madison, Wis., Sept. 29 - New York City Transitional Finance Authority said that its 2003 series A future tax secured bonds due Nov. 1 in the years 2026, 2028 and 2029 are subject to mandatory tender for purchase on Nov. 1.
The bonds will be purchased at par plus accrued interest to the purchase date.
The mandatory tender is due to conversion of the bonds to another interest rate mode.
The Bank of New York Mellon is the tender agent.
The authority is responsible for funding a portion of New York City's capital program.
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