Berks County, Pa., Reading Hospital bonds have mandatory tender

By Marisa Wong

Milwaukee, May 5 - The Berks County Municipal Authority of Pennsylvania's $100 million of Reading Hospital and Medical Center Project variable-rate revenue bonds series 2009A-5 due May 1, 2032 are subject to a mandatory tender for purchase, according to a notice.

The mandatory tender follows notice from the Reading Hospital and Medical Center that there will be a term tender mode period alteration effective on July 15. The new term tender rate period will be 182 days, and the expected minimum level of the new term tender bond spread is 20 basis points.

All outstanding bonds will be subject to mandatory purchase on July 15 at par plus accrued interest.

Manufacturers and Traders Trust Co. is the trustee.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.