Iowa Finance announces mandatory tender on Iowa Health System bonds

By Ashley Montgomery

Kansas City, Kan., Aug. 15 - Iowa Finance Authority said its series 2009D and 2009E Iowa Health System variable-rate demand health facilities revenue bonds are subject to mandatory tender, according to two notices.

The Iowa Health System will terminate the letters of credit for both series of bonds on Sept. 20. That termination triggers a mandatory tender.

The bonds will be purchased on Sept. 13 at par plus accrued interest to the purchase date.

U.S. Bank, NA is the trustee.

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