Johns Hopkins University calls $150 million of 2009A taxable bonds

By Marisa Wong

Madison, Wis., Jan. 16 – Johns Hopkins University plans to redeem $150 million of its $400 million taxable bonds, 2009 series A, on Feb. 19.

The bonds will be redeemed at the make-whole redemption price, which will be calculated based on the Treasury rate at least two business days prior to the redemption date, plus accrued interest to the redemption date.

Using the Treasury rate as of Jan. 9, the make-whole redemption price would be about $172.02 million, which includes the par amount and a make-whole premium of about $20.97 million, plus $1.05 million of accrued interest.

The redemption is conditioned on the issuer have sufficient funds to pay the make-whole redemption price.

Manufacturers and Traders Trust Co. is the trustee.

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