Series 53: 5.5.8.1.1. Mandatory Tender

Taken from our Series 53 Online Guide

5.5.8.1.1. Mandatory Tender

A mandatory tender is a long-term, variable interest rate bond with a mandatory tender date, generally six months to five years after issuance. Like a VRDO, a mandatory tender option bond provides issuers with interest rate flexibility and investors with the option to put the sec

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