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Published on 6/12/2012 in the Prospect News Liability Management Daily and Prospect News Municipals Daily.

Detroit Sewer Disposal System extends tender for floaters due 2032

By Ashley Montgomery

Kansas City, Kan., June 12 - The City of Detroit, Mich., Sewer Disposal System extended to Friday the tender offer for its tax-exempt floating-rate LIBOR bonds, series 2006D revenue refunding senior-lien and series 2001 D-2 revenue second-lien, due July 1, 2032.

The offer was extended to 5 p.m. ET Friday from 5 p.m. ET Monday.


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