New York City Municipal Water bonds have mandatory purchase June 7

By Ashley Montgomery

Kansas City, Kan., May 30 - New York City Municipal Water Finance Authority said its $107.5 million of fiscal 2000 series C water and sewer system revenue bonds are subject to mandatory purchase on June 7.

The bonds will be repurchased at par plus accrued interest.

The mandatory purchase follows the conversion of the bonds, also on June 7, to the weekly rate mode from the daily rate mode.

Bondholders must tender their bonds to the tender agent, Bank of New York Mellon, by noon on June 7. Holders who fail to tender their bonds will receive no payment.

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