Sonoma-Marin Area Rail Transit's 2011A bonds have mandatory tender

By Marisa Wong

Madison, Wis., March 29 - Sonoma-Marin Area Rail Transit District gave notice that its $190,145,000 series 2011A measure Q sales tax revenue bonds are subject to mandatory tender for purchase on May 1.

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

The mandatory tender is due to conversion of the bonds' initial term interest rate to a fixed rate on May 1.

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

Sonoma-Marin Area Rail Transit District is a future passenger rail service in northern California. The issuer is based in San Rafael, Calif.

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