Indiana Health's Ascension Health bonds have mandatory tender

By Marisa Wong

Madison, Wis., Feb. 23 - The Indiana Health Facility Financing Authority said that its $64.28 million of Ascension Health Credit Group bonds, series 2003E-6, are subject to mandatory tender for purchase on March 15.

The bonds, which are due Nov. 15, 2039, are to be tendered at par and will be paid interest at the rate of 0.39% from Nov. 15 through March 14.

The bonds are subject to mandatory tender, because the interest rate on the bonds will be adjusted to a weekly rate, effective March 15.

Wells Fargo Bank, NA is the trustee for the bonds.

Ascension is a St. Louis-based nonprofit Catholic health system.

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