Newport Beach, Calif., to redeem 2008 Hoag Memorial bonds on July 24

By Marisa Wong

Madison, Wis., July 12 - The City of Newport Beach, Calif., issued notices of full redemption of its series 2008C, 2008D, 2008E and 2008F refunding revenue bonds issued for Hoag Memorial Hospital Presbyterian.

Specifically, the city will redeem its $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.

The bonds will be redeemed on July 24 at par plus accrued interest to the redemption date.

Wells Fargo Bank, NA is the trustee.

Newport Beach previously issued redemption notices for the four series of bonds. The issuer had planned to redeem the bonds in full on June 26 but later rescinded the bond calls.

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