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Published on 4/19/2010 in the Prospect News Liability Management Daily and Prospect News Municipals Daily.

Rochester, Minn., 2008E Mayo Clinic bonds have mandatory tender

By Marisa Wong

Milwaukee, April 19 - The City of Rochester, Minn., gave notice that its Mayo Clinic health care facilities revenue bonds, series 2008E, have a mandatory tender for purchase on May 10.

The bonds are subject to a mandatory tender because of a change in the calculation period during a term rate period, effective May 9.

The purchase price will be par plus accrued interest up to the redemption date.

Wells Fargo Bank, NA is the trustee.


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