Indiana Health's 2001A-1 Ascension Health bonds have mandatory tender

By Tali Rackner

Norfolk, Va., June 30 – The Indiana Health Facility Financing Authority said its $85.07 million of series 2001A-1 revenue bonds issued for Ascension Health Credit Group are subject to mandatory tender for purchase on Aug. 1.

The bonds, which are due Nov. 15, 2036, will be purchased at par and will be paid interest at the rate of 1.5% from May 15 through July 31.

The bonds are subject to mandatory tender because the interest rate on the bonds will be adjusted to a weekly rate, another long-term rate or commercial paper rate, effective Aug. 1.

Wells Fargo Bank, NA is the trustee.

Ascension is a St. Louis-based nonprofit Catholic health system.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.