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Published on 5/12/2008 in the Prospect News Municipals Daily.

SSM Health Care of Missouri to convert $319.025 million series 2005 revenue bonds

By Sheri Kasprzak

New York, May 12 - SSM Health Care in Missouri plans to convert $319.025 million of its series 2005 health facilities revenue bonds, a notice of conversion said Monday.

The bonds were sold through the Missouri Health and Educational Facilities Authority.

The bonds (/AA-/AA-) being converted include $64.6 million in series 2005A-1 bonds, $48.4 million in series 2005C-2 bonds, $86.1 million in series 2005C-3 bonds, $60 million in series 2005C-5 bonds and $76.125 million in series 2005D-4 bonds.

The bonds will be converted to the weekly rate from the auction-rate mode on Thursday.

The 2005A-1 bonds through 2005C-5 bonds are due June 1, 2035, and the 2005D-4 bonds are due June 1, 2033.

Citigroup Global Markets is the remarketing agent.


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