Missouri HEFA's 2008 BJC Health System bonds have mandatory tender

By Marisa Wong

Madison, Wis., Aug. 17 - Health and Educational Facilities Authority of the State of Missouri said that its BJC Health System variable-rate demand health facilities refunding revenue bonds, series 2008A and 2008B, are subject to mandatory tender for purchase on Sept. 1.

The outstanding principal amount of the 2008A bonds is $81.2 million, and the outstanding principal amount of the 2008B bonds is $81.2 million.

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

The mandatory tender is due to the conversion of the bonds from a weekly rate period to a daily rate period on Sept. 1.

UMB Bank, NA is the trustee.

BJC Health is based in St. Louis. The authority is based in Chesterfield, Mo.

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