Minneapolis and St. Paul Authority to convert $125 million Alina Health auction-rate bonds

By Cristal Cody

Springdale, Ark., May 20 - Minneapolis and the Housing and Redevelopment Authority of the City of St. Paul, Minn., plan to convert $125 million health care system revenue bonds on June 18, according to a notice.

The series 2007C1 and 2007C2 auction-rate bonds, which priced for the Alina Health System, will be converted to a weekly rate.

The bonds are subject to mandatory tender on the conversion date.

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