Wisconsin Health to convert $87.85 million in variable-rate bonds

By Sheri Kasprzak

New York, July 18 - The Wisconsin Health and Educational Facilities Authority plans to convert $87.85 million of its variable-rate bonds, according to a conversion notice released Friday.

The conversion includes $20 million in series 1998B variable-rate demand revenue bonds for the Wausau Hospital, $23 million in series 2000 variable-rate demand revenue bonds for Wausau Hospital and $44.85 million in series 2004 variable-rate demand revenue bonds for Aspirus Wausau Hospital Obligated Group.

Goldman, Sachs & Co. is the remarketing agent.

The 1998B bonds, which are due 2013, will be converted on July 24 to a weekly rate. The 2000 bonds, due 2024, will be converted on July 25 to a weekly rate and the 2004 bonds, due 2034, will be converted on July 28 to a weekly rate.

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