Illinois Finance Agency to convert $171.75 million in 2005 Alexian Brothers Health bonds

By Sheri Kasprzak

New York, March 20 - The Illinois Finance Agency will convert $171.75 million of its 2005 revenue refunding bonds on April 14, according to a reoffering circular released Thursday.

The bonds to be converted include $85.825 million in series 2008A revenue refunding bonds and $85.825 million in series 2008B revenue refunding bonds. The bonds were sold in August 2005 for Alexian Brothers Health System.

The bonds will be converted to a fixed-rate from an auction-rate mode.

Merrill Lynch & Co. is the remarketing agent.

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