Cleveland Clinic Health, Ohio’s 2008B-4 bonds have mandatory tender

By Tali Rackner

Norfolk, Va., Oct. 27 – The State of Ohio said its $99.25 million of series 2008B-4 hospital revenue bonds issued for the Cleveland Clinic Health System Obligated Group are subject to mandatory tender, according to a notice.

The bonds will be purchased on Nov. 12.

The mandatory tender is in connection with the delivery of a substitute liquidity facility to the bond trustee in substitution for the self-liquidity undertaking in effect under to the terms of the bonds.

Huntington National Bank is the bond trustee and tender agent.

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