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Michigan State Hospital defeases 2007 Sparrow Obligated Group bonds
By Tali Rackner
Norfolk, Va., April 23 – The Michigan State Hospital Finance Authority defeased some of its series 2007 hospital revenue and refunding bonds issued for the Sparrow Obligated Group, according to a notice.
The following will be redeemed at par plus accrued interest on Nov. 15, 2017:
• $2,785,000 of bonds due Nov. 15, 2018;
• $2,925,000 of bonds due Nov. 15, 2019;
• $3,075,000 of bonds due Nov. 15, 2020;
• $3,225,000 of bonds due Nov. 15, 2021;
• $3.39 million of bonds due Nov. 15, 2022;
• $3.56 million of bonds due Nov. 15, 2023;
• $3,735,000 of bonds due Nov. 15, 2024;
• $7.74 million of bonds due Nov. 15, 2026; and
• $23,605,000 of bonds due Nov. 15, 2031.
U.S. Bank NA is the agent.
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