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Methodist Hospitals of Dallas plans to convert auction-rate period for $200 million revenue bonds
By Cristal Cody
Springdale, Ark., March 19 - Methodist Hospitals of Dallas intends to convert the auction-rate period for $200 million hospital revenue bonds in early April.
The subseries 2007A-1, A-2, B-1 and B-2 bonds will be converted from a seven-day auction period to a flexible auction period through issuer Tarrant County Cultural Education Facilities Finance Corp.
The series 2007A-1 bonds will be converted on April 4, and the A-2 bonds will be converted on April 7.
The series 2007B-1 bonds are expected to convert on April 8, and the B-2 bonds will be converted on April 9.
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