East Alabama Health redeems $98.225 million of bonds

By Laura Lutz

Des Moines, April 14 - The East Alabama Health Care Authority announced that it retired $73.225 million of its series 2003-A bonds due 2023 and $25 million of its series 2006-A bonds due 2036.

The series 2003-A bonds were retired on March 13, and the series 2006-A bonds were retired on March 11.

All the bonds of each series have now been retired.

Series 2003-A consisted of health care facilities revenue and tax anticipation bonds (auction market securities), originally issued in principal amount of $78.325 million.

Series 2006-A consisted of health care facilities revenue and tax anticipation bonds (auction market securities), originally issued in principal amount of $25 million.

Regions Bank was the trustee for both series.

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