St. Anthony's Medical Center, Mo., to change bid rates for 2006 bonds

By Cristal Cody

Tupelo, Miss., Sept. 24 - St. Anthony's Medical Center and St. Anthony's Medical Center Foundation plan to change their bid rates on the $70 million outstanding in series 2006A and 2006B auction-rate bonds beginning Thursday, according to a notice.

The $35 million series 2006A and $35 million series 2006B revenue bonds priced through the Health and Educational Facilities Authority of the State of Missouri.

The medical center and foundation have bid fixed rates in weekly auctions for the bonds since April, but because of disruptions in the tax-exempt variable-rate market last week, the fixed weekly rates are no longer applicable.

St. Anthony's plans to purchase all of the outstanding securities at rates equal to 90% of the S&P Weekly High Grade Index in all future weekly auctions beginning Thursday for the series 2006A bonds and Friday for the series 2006B bonds.

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