Illinois Educational announces mandatory tender on $10.7 million bonds

By Ashley Montgomery

Kansas City, Kan., Oct. 12 - Illinois Educational Facilities Authority announced a mandatory tender date for $10.7 million of its series 2002 Field Museum of Natural History adjustable medium-term revenue bonds, according to a notice.

The bonds operate in the adjustable rate mode in an adjustable rate period that ends on Nov. 1. On that date, the bonds will be converted to a new adjustable rate period and the will be subject to mandatory tender.

The purchase price will be at par plus accrued interest to the mandatory tender date.

The Bank of New York Mellon Trust Co., NA is the agent.

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