• ISIN: US64972RAD26
  • Entity Name: City of New York/The
  • Sector: Municipal
  • Announcement Date: 06-Jan-2017
  • Effective Date: 12-Jan-2017
  • Issue Date: *****
  • Maturity Date: 01-Apr-2044
  • Country of Issuer: United States
  • Region: N.Amer
  • Issue Currency: United States of America Dollars
  • CA Type: Unscheduled Draw
  • News: NOTICE IS HEREBY GIVEN pursuant to Section 403 of the Multi-Modal Annex to the Series 2014B Resolution (the Resolution) adopted on May 6, 2014 by The Trust for Cultural Resources of The City of New York (the Issuer) for the benefit of The American Museum of Natural History (the Institution), pursuant to the Loan Agreement appointing the Bank of New York Mellon as Trustee (the Trustee), that the above-referenced bonds (the Bonds) are subject to an Unscheduled Mandatory Tender (the Tender) for Purchase in whole on Thursday, January 12, 2017 (the Purchase Date) and, subject to certain conditions set forth in the Resolution, will be purchased on the Purchase Date by payment of an amount equal to the principal amount thereof (the Purchase Price) in accordance with the Resolution (accrued interest will be paid on such date in the normal course). The Bonds are subject to mandatory tender at the direction of the Institution and will be remarketed within the Flexible Rate Mode at a SIFMA Flexible Rate on the Purchase Date pursuant to the mechanisms as contemplated in the Resolution. If any of the conditions of any Unscheduled Mandatory Tender are not satisfied as set forth in the Resolution, then the Institution will not have any obligation to purchase any Bonds, no purchase of Bonds will occur and the Bonds will be returned to the Owners thereof.
  • Description: Municipal Name: City of New York/The CUSIP: 64972RAD2 Currency: USD City of New York/The today announced that the Trustee completed an unscheduled draw on the Debt Service Reserve Fund in the amount of $50,225,000 in order to pay the interest due on the Series 2014B1 Refunding Revenue Bonds on January 12, 2017.
  • Bond Document:
  • Latest Corporate Actions:

Data Unleashed

All of the Municipal Disclosure provided on MuniAlerts are sourced from FactEntry.

This website can be best viewed in all latest versions of Google Chrome or Firefox.
© FactEntry 2022