Fairfax County, Va.'s $57.79 million bonds have mandatory tender

By Ashley Montgomery

Kansas City, Kan., July 25 - The Industrial Development Authority of Fairfax County, Va., said its $57,785,000 series 2005A-2 health care revenue bonds are subject to mandatory tender.

The bonds were issued for Inova Health System project.

The bonds will be purchased on Aug. 23 at par plus accrued interest to the redemption date.

The authority said the mandatory tender is a result of the termination of the liquidity facility, implementation of self-liquidity and the conversion of the interest rate on the bonds.

U.S. Bank, NA is the trustee.

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