Massachusetts mandatory tenders rescinded, extended to Feb. 8

By Tali David

Minneapolis, Nov. 3 - Commonwealth of Massachusetts announced that the notice of expiration of standby bond purchase agreement and mandatory tender from Sept. 28 has been rescinded. Its $271.28 million general obligation refunding variable-rate demand bonds series 1997 B and its $248.11 million G.O. refunding variable-rate demand bonds series 2001 B will not be subject to mandatory tender on Nov. 4 as set forth in the notice.

The Commonwealth and Landesbank Hessen-Thuringen Girozentrale has agreed to extend the agreement on both bonds until Feb. 8, 2012.

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