Illinois Finance defeases $196.07 million of OSF Health Care bonds

By Wendy Van Sickle

Columbus, Ohio, Sept. 29 – The Illinois Finance Authority defeased $196.07 million of OSF Health Care System revenue bonds, series 2007A and 2009A, according to two notices.

The following 2007A bonds will be redeemed Nov. 15, 2017 at par plus accrued interest:

• $23,365,000 of 5.25% bonds due Nov. 15, 2022;

• $6,465,000 of 5.75% bonds due Nov. 15, 2026;

• $23,075,000 of 5.75% bonds due Nov. 15, 2033; and

• $60 million of 5.75% bonds due Nov. 15, 2037.

The following 2009A bonds will be redeemed May 15, 2019 at par plus accrued interest:

• $62,625,000 of 7% bonds due Nov. 15, 2029; and

• $20.54 million of 7.125% bonds due Nov. 15, 2039.

Wells Fargo Bank, NA is the trustee.

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