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Indiana Finance's 2010 Republic Services bonds have mandatory tender
By Tali David
Minneapolis, Feb. 8- Indiana Finance Authority gave notice that its series 2010A and 2010B Republic Services, Inc. Project economic development refunding revenue bonds are subject to mandatory tender for purchase on March 1.
The authority will convert $51.25 million of its 2010A bonds, which are due May 1, 2034, and $30 million of its 2010B bonds, which are due May 1, 2028.
The mandatory tender is due to a change in the bonds' current interest rate mode to the Sifma index floating-rate mode from the weekly mode.
Wells Fargo Bank, NA is the agent.
The solid waste collection company is based in Phoenix.
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