NYC cultural resources trust's Juilliard bonds have mandatory tender

By Tali David

Minneapolis, June 15 - The New York City Trust for Cultural Resources said that its $77,145,000 of 2.75% Juilliard School series 2009B revenue bonds are subject to mandatory tender for purchase on July 2.

The bonds, which are due Jan. 1, 2036, will be purchased at par plus accrued interest to the purchase date.

The mandatory purchase is the result of an adjusted interest rate on the bonds.

Deutsche Bank Trust Co. is the trustee.

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