Illinois Finance Authority to convert and reoffer $86.1 million Edward Hospital revenue bonds

By Cristal Cody

Springdale, Ark., March 26 - The Illinois Finance Authority plans to convert $86.1 million of revenue bonds on April 9 and reoffer the bonds in a new series.

The series 2007A bonds for Edward Hospital & Health Services will be converted from an auction rate to a long-term interest rate, according to a preliminary reoffering circular released Tuesday.

After the conversion, the bonds will be reoffered as series 2008A bonds.

The series 2008A bonds (Aaa/AAA/-) are insured by Ambac Assurance Corp.

Citigroup Global Markets is the reoffering agent.

© 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.