By Cristal Cody
Springdale, Ark., March 3 - The Health Care Authority of Huntsville, Ala., converted $97.815 series 2005-A bonds to a weekly variable rate with a 3% initial interest rate on Monday, the issuer told Prospect News.
The bonds (Aaa/A+/-) had been a term rate bond and matured Monday, said Johnny Wilson, cash debt manager for Huntsville Hospital.
The bonds are due June 1, 2034.
Merrill Lynch & Co. is the remarketing agent.
| Issuer: | Health Care Authority of Huntsville
|
| Amount: | $97.815 million
|
| Type: | Remarketing
|
| Maturity: | June 1, 2034
|
| Initial rate: | 3%
|
| Set: | Weekly |
|
| Remarketing agent: | Merrill Lynch & Co.
|
| Ratings: | Moody's: Aaa
|
| S&P: A+
|
| Remarketing date: | March 3
|
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