California Educational issues mandatory tender for St. Mary's bonds

By Ashley Montgomery

Kansas City, Kan., Dec. 30 - California Educational Facilities Authority issued a notice of mandatory tender for purchase on its $66.3 million of series 2007 St. Mary's College of California revenue bonds.

The bonds will be purchased at par plus accrued interest to Jan. 18, the redemption date.

Union Bank, NA is the trustee.

The authority provides tax-exempt, low-cost financing to private, non-profit higher education facilities and is based in Sacramento. The liberal arts college is located in Moraga, Calif.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.