University of California's series Y-1, Y-2 bonds have mandatory tender

By Tali David

Minneapolis, March 8 - The Regents of the University of California gave notice that its 2011 series Y-1 and Y-2 taxable floating-rate general revenue bonds are subject to mandatory tender for purchase on March 16.

There are $400 million of the series Y-1 bonds and $100 million of the series Y-2 bonds currently outstanding.

The mandatory tender is pursuant to the terms of the 25th supplemental indenture.

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

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