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Howard Hughes rescinds $600 million taxable fixed-rate bond call
By Tali David
Minneapolis, March 18 - The Howard Hughes Medical Institute rescinded its planned redemption of its $600 million of 3.45% series 2009A taxable fixed-rate bonds due Sept. 1, 2014, according to a notice.
The bonds were to be redeemed at par plus accrued interest on April 1 for an estimated total of $628,252,000.
Wells Fargo Bank, NA is the trustee.
Howard Hughes is a Chevy Chase, Md.-based medical research organization.
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