Pitt County Memorial Hospital, N.C., calls 10 series of bonds at 101

By Susanna Moon

Chicago, Oct. 22 - Pitt County Memorial Hospital in North Carolina plans to redeem its outstanding series 1998A and 1998B revenue bonds on Dec. 1.

For the series A bonds, Pitt County Memorial Hospital said it will pay 101% of par for its $5.085 million of 5.25% bonds due Dec. 1, 2010; $5.355 million of 5.25% bonds due Dec. 1, 2011; $5.635 million of 5.25% bonds due Dec. 1, 2012; $5.93 million of 5.25% bonds due Dec. 1, 2013; $34.485 million of 5% bonds due Dec. 1, 2018 and $99.02 million of 4.75% bonds due Dec. 1, 2028.

For the series B bonds, the hospital said it will pay 101 for its $2.615 million of 4.5% bonds due Dec. 1, 2012; $2.735 million of 4.6% bonds due Dec. 1, 2013; $15.8 million of 5% bonds due Dec. 1, 2018 and $45.38 million of 4.75% bonds due Dec. 1, 2028.

The series A bonds were issued through the North Carolina Medical Care Commission on Sept. 17, 1998. The series B bonds were issued through the commission on Oct. 27, 1998.

First-Citizens Bank & Trust Co. is the bond trustee.

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