Southeastern Pennsylvania Transportation bonds have mandatory tender

By Ashley Montgomery

Kansas City, Kan., Dev. 14 - Southeastern Pennsylvania Transportation Authority said its series 2007 converted variable-rate revenue refunding bonds are subject to mandatory tender on Dec. 20.

Also on Dec. 20, the daily rate on the bonds will be converted to an indexed rate mode.

The bonds will be purchased at par plus accrued interest to the purchase date.

The bonds were originally issued in the amount of $125.6 million.

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

© 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.