mandatory tender bond

mandatory tender bond

A bond with a long maturity but a shorter-term (generally six months to five years) mandatory tender date. Unlike an ordinary put bond, a mandatory tender bond is put back to the bondholder who does not take action to roll the bond into the next tender period. The interest rate is adjusted on the mandatory tender date.
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Fitch notes that the airport currently maintains over $260 million in liquid assets in its operating and contingency funds, which is now more than sufficient to cover unanticipated scenarios with regard to the outstanding mandatory tender bonds.
9 million of second lien debt will be variable rate (including a series that is swapped to fixed and the fixed-rate mandatory tender bonds, series 2010B and 2010D), which will comprise 37% of total debt ($1.
Fitch notes that the airport currently maintains approximately $300 million in liquid assets in its operating and contingency funds, which should be sufficient to cover unanticipated scenarios with regard to the outstanding mandatory tender bonds.
Fitch notes that the airport currently maintains over $280 million in liquid assets in its operating and contingency funds, which should be sufficient to cover unanticipated scenarios with regard to most of the outstanding mandatory tender bonds.
Fitch notes that the airport currently maintains over $300 million in liquid assets in its operating and contingency funds which should be sufficient to cover unanticipated scenarios with regards to most of the outstanding mandatory tender bonds.
150 million general revenue mandatory tender bonds series 2009A-1 'AA';
Puerto Rico Sales Tax Financing Corporation is also considering a tender of the First Subordinate Bonds, 2009 Series A Mandatory Tender Bonds.