Missouri HEFA's 2003C Ascension Health bonds have mandatory tender

By Marisa Wong

Madison, Wis., Feb. 23 - The Health and Education Facilities Authority of the State of Missouri said that its Ascension Health Credit Group revenue bonds, series 2003C-2 and 2003C-3, are subject to mandatory tender for purchase on March 2.

The bonds are to be tendered at par and will pay interest at the rate of 0.37% from Nov. 15 through March 1.

Affected are $72.5 million of 2003C-2 bonds due Nov. 15, 2039 and $61.785 million of 2003C-3 bonds due Nov. 15, 2039.

The bonds are subject to mandatory tender, because the interest rate on the bonds will be adjusted to a weekly rate, effective March 2.

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

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

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