Illinois Finance defeases 2005A, B Alexian Brothers Health bonds

By Tali Rackner

Norfolk, Va., April 19 – The Illinois Finance Authority defeased its series 2005A and 2005B revenue refunding bonds issued for the Alexian Brothers Health System, according to a notice.

The following 2005A bonds will be redeemed at par plus accrued interest on April 14, 2018:

• $295,000 of 5% bonds due Jan. 1, 2020;

• $13,945,000 of 5.25% bonds due Jan. 1, 2022; and

• $46,575,000 of 5.5% bonds due Jan. 1, 2028.

The following 2005B bonds will also be redeemed at par plus accrued interest on April 14, 2018:

• $7.72 million of 5% bonds due Jan. 1, 2020;

• $10.32 million of 5.25% bonds due Jan. 1, 2022; and

• $5,095,000 of 5.5% bonds due Jan. 1, 2028.

Wells Fargo Bank NA is the bond trustee.

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