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Philadelphia Hospitals & Higher Education defeases 2010B Jefferson bonds
By Tali Rackner
Norfolk, Va., July 8 – The Hospitals and Higher Education Facilities Authority of Philadelphia defeased its series 2010B health system revenue bonds issued for the Jefferson Health System, according to a notice.
The following will be redeemed at par plus accrued interest to their maturity dates:
• $4,645,000 of 4% bonds due May 15, 2015;
• $4.8 million of 5% bonds due May 15, 2016;
• $5 million of 5% bonds due May 15, 2017;
• $4,935,000 of 4% bonds due May 15, 2018; and
• $5.28 million of 5% bonds due May 15, 2019.
The following will be redeemed at par plus accrued interest on May 15, 2020:
• $5,515,000 of 5% bonds due May 15, 2020;
• $5.87 million of 4.25% bonds due May 15, 2021;
• $6,185,000 of 4.125% bonds due May 15, 2022;
• $6,415,000 of 5.25% bonds due May 15, 2023;
• $39.06 million of 5.25% bonds due May 15, 2030; and
• $74,955,000 of 5% bonds due May 15, 2040.
U.S. Bank NA is the trustee.
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