Indiana Health authority's Clarian Health bonds have mandatory tender

By Marisa Wong

Madison, Wis., April 15 - The Indiana Health and Educational Facility Financing Authority gave notice that its Clarian Health Obligation Group revenue bonds, series 2005A and 2005B, are subject to mandatory tender for purchase on May 6.

The bonds will be purchased at par plus accrued interest to the tender date.

The mandatory tender results from the expiration on May 13 of the liquidity facility securing the bonds issued by Dexia Credit Local on May 1, 2008.

The Bank of New York Trust Mellon Co., NA is the trustee.

Clarian Health comprises Methodist Hospital, Indiana University Hospital and Riley Hospital for Children located in Indianapolis.

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