Howard Hughes rescinds $600 million taxable fixed-rate bond call

By Tali David

Minneapolis, March 18 - The Howard Hughes Medical Institute rescinded its planned redemption of its $600 million of 3.45% series 2009A taxable fixed-rate bonds due Sept. 1, 2014, according to a notice.

The bonds were to be redeemed at par plus accrued interest on April 1 for an estimated total of $628,252,000.

Wells Fargo Bank, NA is the trustee.

Howard Hughes is a Chevy Chase, Md.-based medical research organization.

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