Austin, Texas, announces mandatory tender for hotel occupancy bonds

By Tali David

Minneapolis, Nov. 28 - The City of Austin, Texas, said that its $54.12 million of series 2008B hotel occupancy tax subordinate-lien variable-rate revenue refunding bonds are subject to mandatory tender, according to a notice.

The bonds will be redeemed on Dec. 13 at par plus accrued interest to the redemption date.

Deutsche Bank Trust Co. Americas is the paying agent.

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