Nashville and Davidson plans to convert $61.24 million revenue bonds for Vanderbilt University

By Cristal Cody

Springdale, Ark., March 24 - The Health and Educational Facilities Board of the Metropolitan Government of Nashville and Davidson County, Tenn., plans to convert $61.235 million revenue bonds on April 1.

The series 2005B-1 revenue bonds (Aaa/AAA/AAA), priced for Vanderbilt University, will be converted from a term rate to a flexible rate, according to a remarketing statement released Thursday.

Merrill Lynch & Co. is the remarketing agent.

The bonds continue to be guaranteed under an insurance policy by MBIA Insurance Corp.

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