South Carolina Jobs rescinds $76.72 million Palmetto Health bond call

By Tali David

Minneapolis, July 29 - The South Carolina Jobs-Economic Development Authority rescinded its call for $76,715,000 of its series 2003A Palmetto Health Alliance hospital refunding revenue bonds, according to a notice.

The authority was to redeem $18,185,000 of 6.125% bonds due Aug. 1, 2023 and $58.53 million of 6.25% bonds due Aug. 1, 2031.

The bonds would have been redeemed at par plus accrued interest on Aug. 5.

U.S. Bank, NA is the successor bond trustee.

The Columbia, S.C.-based authority promotes the business and economic welfare of South Carolina by financing public and private projects.

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