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North Carolina Medical's CaroMont Health bonds have mandatory tender
By Marisa Wong
Madison, Wis., July 28 - The North Carolina Medical Care Commission said its $118.4 million of series 2008 CaroMont Health hospital revenue bonds have a mandatory tender for purchase on Sept. 1.
The bonds will be purchased at par plus accrued interest up to the redemption date.
The mandatory tender is due to an interest rate mode change on Sept. 1. The interest rate mode for the bonds will be converted to the fixed mode from the weekly mode.
The Bank of New York Mellon Trust Co., NA is the trustee.
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