Illinois demand revenue refunding bonds subject to mandatory tender

By Devika Patel

Knoxville, Tenn., March 9 - The Illinois Finance Authority said some of its series 2009A and series 2009B variable-rate demand revenue refunding bonds are subject to a mandatory tender at par plus interest on April 8.

The affected bonds are subseries 2009A-1, subseries 2009A-2, subseries 2009B-1 and subseries 2009B-2.

The University of Chicago Medical Center has opted to convert the daily interest rate period of the bonds to a long-term interest rate period, according to the notice of conversion and mandatory tender. After April 8, the bonds will bear interest at long-term interest rates until maturity.

Wells Fargo Bank, NA is the trustee.

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