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Published on 6/21/2013 in the Prospect News Liability Management Daily and Prospect News Municipals Daily.

Newport Beach, Calif., rescinds series 2008 Hoag Memorial bond call

By Tali David

Minneapolis, June 21 - The City of Newport Beach, Calif., rescinded its call for $314,985,000 of its series 2008C, 2008D, 2008E and 2008F refunding revenue bonds issued for Hoag Memorial Hospital Presbyterian, according to multiple notices.

On June 26, the city was to redeem $70,095,000 of 2008C bonds, $78,875,000 of 2008D bonds, $78.85 million of 2008E bonds and $87,165,000 of 2008F bonds, all of which are due Dec. 1, 2040.

Wells Fargo Bank, NA is the agent.


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