CHICAGO — The well-respected Rochester, Minn.-based Mayo Clinic, beginning on Monday, will reoffer two of three term bonds coming due over the next two months and convert the third to a fixed-rate structure amid negative credit reports that include a downgrade from Standard & Poor’s.

The three pieces of short-term debt being restructured were originally sold last spring as part of more than $500 million of new-money, refunding, and auction-rate restructuring debt. Officials tapped a range of securities including the term bonds, variable-rate demand obligations, and commercial paper to complete the transaction.

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