Glossary of Municipal Securities Terms

TENDER AGENT

(1) In the case of tender option bonds, an agent of the issuer to whom bondholders tender their bonds upon a mandatory or optional tender. In many cases, the tender agent will also act as the remarketing agent for the bonds. See: REMARKETING AGENT; TENDER; TENDER OPTION BOND.

(2) In the case of a tender offer, a broker-dealer or bank responsible for coordinating the process of soliciting bondholders. See: TENDER OFFER.

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