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Published on 3/27/2013 in the Prospect News Liability Management Daily and Prospect News Municipals Daily.

Dasny defeases $97.7 million of 2004 Maimonides Medical Center bonds

By Tali David

Minneapolis, March 27 - The Dormitory Authority of the State of New York defeased $97,695,000 of its series 2004 Maimonides Medical Center FHA-insured mortgage hospital revenue bonds, according to a notice.

The following bonds will be redeemed at par plus accrued interest:

• $1,425,000 of 5% bonds due Aug. 1, 2013;

• $1,465,000 of 4.25% bonds due Feb. 1, 2014;

• $1,495,000 of 4.25% bonds due Aug. 1, 2014;

• $1,525,000 of 4.4% bonds due Feb. 1, 2015;

• $1.56 million of 5% bonds due Aug. 1, 2015;

• $1.6 million of 4.5% bonds due Feb. 1, 2016;

• $1,635,000 or 5% bonds due Aug. 1, 2016;

• $1.68 million of 5% bonds due Feb. 1, 2017;

• $1.72 million of 5% bonds due Aug. 1, 2017;

• $1,765,000 of 4.625% bonds due Feb. 1, 2018;

• $1,805,000 of 5% bonds due Aug. 1, 2018;

• $1.85 million of 4.75% bonds due Feb. 1, 2019;

• $1,895,000 of 5% bonds due Aug. 1, 2019;

• $20,525,000 of 5% bonds due Aug. 1, 2024;

• $28,515,000 or 5.75% bonds due Aug. 1, 2029; and

• $27,235,000 of 5% bonds due Aug. 1, 2033.

U.S. Bank NA is the trustee.

Maimonides is a medical center located in Brooklyn, N.Y.


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