Pennsylvania Economic's NHS-AVS series 2008 bonds subject to tender

By Tali David

Minneapolis, Oct. 16 - The Pennsylvania Economic Development Financing Authority said all of its outstanding NHS-AVS, LLC series 2008 variable-rate demand revenue bonds due Dec. 1, 2038 are conditionally subject to tender for purchase, according to a notice.

The bonds, which were originally issued in the amount of $54 million, will be purchased at par plus accrued interest on Oct. 30.

The securities are being converted to an index rate in advance of the expiration of the existing liquidity facility, the authority said.

U.S. Bank NA is the trustee and tender agent.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.