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Howard Hughes to redeem $600 million of 2009A taxable fixed-rate bonds
By Tali David
Minneapolis, July 18 - The Howard Hughes Medical Institute plans to redeem its $600 million of 3.45% series 2009A taxable fixed-rate bonds due Sept. 1, 2014, according to a notice.
The bonds will be redeemed at par plus accrued interest on Aug. 16 for an estimated make-whole price of $629,321,744.
Wells Fargo Bank, NA is the trustee.
Howard Hughes is a Chevy Chase, Md.-based medical research organization.
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