Illinois Health's University of Chicago bonds have mandatory tender

By Tali David

Minneapolis, Jan. 23 - The Illinois Health Facilities Authority's $60 million of series 2001B-1 adjustable-rate revenue bonds issued for the University of Chicago are subject to mandatory tender, according to a notice.

The authority will purchase the bonds at par plus accrued interest on Feb. 14.

The Bank of New York Mellon Trust Co., NA is the trustee.

The authority is under the Chicago-based Illinois Finance Authority, which provides funding for nonprofit organizations. The university is also located in Chicago.

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