Stanford Hospital and Clinics of California to convert $150 million in revenue bonds

By Sheri Kasprzak

New York, June 2 - Stanford Hospital and Clinics plans to convert its $150 million in series 2003B, 2003C and 2003D revenue bonds, according to a conversion notice released Monday.

The bonds (Aaa//AAA) will be converted to a weekly mode from an auction-rate mode.

The series 2003B bonds will be converted on June 3, the 2003C bonds on June 10 and the 2003D bonds on June 17.

The bonds were sold through the California Health Facilities Financing Authority.

The remarketing agents are Morgan Stanley and Goldman, Sachs & Co.

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