North Carolina State University at Raleigh bonds have mandatory tender

By Ashley Montgomery

Kansas City, Kan., June 27 - The Board of Governors of the University of North Carolina said all of its $66,605,000 series 2008A North Carolina State University at Raleigh variable-rate general revenue bonds are subject to mandatory tender.

The bonds will be purchased on July 6, according to a notice.

Bonds must be tendered by 10 a.m. ET July 6.

The bonds are currently payable under a standby liquidity facility, which expires July 10, issued by Bank of America, NA. The board said Wells Fargo Bank, NA will issue a replacement standby liquidity facility effective July 6.

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

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