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Published on 5/3/2013 in the Prospect News Liability Management Daily and Prospect News Municipals Daily.

Hillsborough, Fla., defeases $127.9 million of Tampa hospital bonds

By Tali David

Minneapolis, May 3 - The Hillsborough County Industrial Development Authority, Fla., defeased $127,895,000 of its series 2003A and 2003B Tampa General Hospital Project hospital revenue refunding bonds, according to a redemption notice.

The following will be redeemed at par plus accrued interest on Oct 1:

• $3,545,000 of 5% 2003A bonds due Oct. 1, 2018;

• $8.7 million of 5.25% 2003A bonds due Oct. 1, 2024;

• $9.7 million of 5.25% 2003B bonds due Oct. 1, 2015;

• $10 million of 5.4% 2003B bonds due Oct. 1, 2028;

• $26.61 million of 5.25% 2003B bonds due Oct. 1, 2028;

• $3,075,000 of 5.45% 2003B bonds due Oct. 1, 2034; and

• $66,265,000 of 5.25% 2003B bonds due Oct. 1, 2034.

The Bank of New York Mellon Trust Co., NA is the escrow holder.


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