California Municipal Finance's $127.05 million Republic Services bonds have mandatory tender

By Tali David

Minneapolis, Sept. 14 - The California Municipal Finance Authority gave notice that its $127,045,000 of Republic Services, Inc. 2010 solid waste refunding revenue bonds due Sept. 1, 2021 are subject to mandatory tender for purchase on Oct. 1.

The bonds will be purchased at par.

The mandatory tender is due to conversion of the bonds' current term interest rate period to a different term interest rate period.

Wells Fargo Bank, NA is the agent.

The Carlsbad, Calif.-based authority helps finance economic development and community activities throughout the state by issuing taxable and tax-exempt securities on behalf of local governments, non-profit organizations and businesses. Republic Services is a waste collection company based in Phoenix.

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