Fairfax County, Va., development authority's 2010A-2 Inova Health bonds have mandatory tender

By Marisa Wong

Milwaukee, April 23 - The Industrial Development Authority of Fairfax County, Va., gave notice that its $95 million Inova Health System Project health care revenue bonds due 2039, series 2010A-2, have a mandatory tender for purchase on May 3.

The mandatory tender follows a conversion of the interest rate to the index interest rate from the long-term interest rate (currently at 0.23%), effective May 3.

The bonds will be purchased at par, plus accrued interest up to the purchase date.

U.S. Bank NA is the trustee.

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