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Sabine River Authority, Texas' TXU bonds have mandatory tender
By Marisa Wong
Madison, Wis., Oct. 3 - Sabine River Authority of Texas gave notice that its series 2001A (non-AMT) and 2001B (AMT) TXU Electric Co. pollution control revenue refunding bonds are subject to mandatory tender for purchase on Nov. 2.
The bonds will be purchased at par plus accrued interest to the purchase date.
The mandatory tender is due to the conversion of the bonds to a multiannual rate period on Nov. 2.
The Bank of New York Mellon is the trustee.
The authority is a governmental conservation and preservation agency based in Orange, Texas. TXU is a Dallas-based electricity provider.
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