Maryland Health's 2009B Anne Arundel bonds have mandatory tender

By Marisa Wong

Madison, Wis., May 6 - Maryland Health and Higher Educational Facilities Authority gave notice that its $60 million series 2009B Anne Arundel Health System revenue bonds are subject to mandatory tender on May 26.

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

The mandatory tender is due to the replacement of the bonds' current letter of credit with a substitute letter of credit issued by Bank of America, NA.

The Bank of New York Mellon is the trustee.

Anne Arundel is a medical center based in Annapolis, Md.

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