Montgomery County IDA, Pa., defeases series 2010 New Regional bonds

By Wendy Van Sickle

Columbus, Ohio, July 6 – The Montgomery County Industrial Development Authority of Pennsylvania defeased several New Regional Medical Center Project FHA insured mortgage revenue bonds, series 2010, according to a notice.

The following bonds have been defeased and will be redeemed at par plus accrued interest at maturity:

•All $3.09 million of 5% bonds due Aug. 1;

•All $3,175,000 of 5% bonds due Feb. 1, 2016;

•All $3.25 million of 5% bonds due Aug. 1, 2016;

•All $3.3 million of 5% bonds due Feb. 1, 2017;

•All $3.42 million of 5% bonds due Aug. 1, 2017;

•All $3,505,000 of 5% bonds due Feb. 1, 2018;

•All $3.59 million of 5% bonds due Aug. 1, 2018;

•All $3.68 million of 5% bonds due Feb. 1, 2019;

•All $3,775,000 of 5% bonds due Aug. 1, 2019;

•All $3.87 of 5% bonds due Feb. 1, 2020;

•All $3.97 of 5% bonds due Aug. 1, 2020;

The following bonds have been defeased and will be redeemed at par plus accrued interest on Aug. 1:

•All $59,885,000 of 5.75% bonds due Aug. 1, 2030;

The following bonds have been defeased and will be redeemed at par plus accrued interest on Aug. 1, 2020:

•All $34,405,000 of 5% bonds due Aug. 1, 2024;

•All $10,075,000 of 5.5% bonds due Aug. 1, 2025;

•All $44.79 million of 5.25% bonds due Aug. 1, 2033; and

•All $109.24 million of 5.375% bonds due Aug. 1, 2038.

U.S. Bank, NA is the trustee.

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