Michigan State Hospital defeases 2006A, 2009A revenue bonds in full

By Tali Rackner

Norfolk, Va., Dec. 29 – The Michigan State Hospital Finance Authority defeased the full $81.24 million of series 2006A and $85.22 million of series 2009A hospital revenue bonds issued for the Michigan Obligated Group, according to two notices.

The following 2006A bonds will be redeemed at par plus accrued interest on April 15, 2016:

• $13,675,000 of 5% bonds due April 15, 2026;

• $26.36 million of 4.75% bonds due April 15, 2031; and

• $41,205,000 of 5% bonds due April 15, 2036.

The following 2009A bonds will be redeemed at par plus accrued interest on June 1, 2019:

• $5,305,000 of 5.125% bonds due June 1, 2019;

• $7.53 million of 5.625% bonds due June 1, 2024;

• $9,985,000 of 6% bonds due June 1, 2029;

• $13,395,000 of 6.125% bonds due June 1, 2034;

• $44,005,000 of 6.125% bonds due June 1, 2039; and

• $5 million of 5.875% bonds due June 1, 2039.

U.S. Bank NA is the trustee.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.