Southern California transmission project bonds have mandatory tender

By Ashley Montgomery

Kansas City, Kan., Sept. 18 - Southern California Public Power Authority said its series A 2001 transmission project subordinate refunding revenue bonds are subject to mandatory tender on Oct. 3, according to a notice.

The bonds will be purchased at par plus accrued interest.

The mandatory tender is a result of the termination and replacement of the existing standby agreement providing liquidity support for the bonds. The agreement terminates Oct. 3 and will be replaced by a new agreement effective Oct. 1.

U.S. Bank, NA is the trustee.

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