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Prospect News home > News index > List of issuers T > Headlines for Tenders 2011 > News item |
Delaware River Toll Bridge $69.83 million bonds have mandatory tender
By Melissa Kory
Cleveland, May 3 - Delaware River Joint Toll Bridge Commission said that its $69.825 million of series 2007B-1 bridge system revenue bonds are subject to a mandatory tender for purchase on May 18 at par.
The mandatory tender is a result of the expiration of the bonds' existing letter of credit issued by Dexia Credit Local on May 25.
TD Bank, NA is the trustee.
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