Associates First Capital Corp., New York, has announced a cash tender offer for all the outstanding original principal amount (approximately $2.02 billion) of the class A certificates of Associates Manufactured Housing Contract Trust 1999-1.Associates said validly tendered certificates will be purchased at a price of $1,004.80 (per $1,000 original principal amount) multiplied by 0.5438581, the principal balance factor as of Jan. 15, 2003, plus accrued and unpaid interest up to the settlement date. Salomon Smith Barney is the dealer/manager of the offering, and Mellon Investor Services is the depositary and the information agent. The offer is scheduled to expire at 11:59 p.m. Eastern Time on Feb. 10.
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