Washington Health cancels redemption of all 1998 Swedish Health bonds

By Marisa Wong

Madison, Wis., Nov. 24 - The Washington Health Care Facilities Authority said it rescinded the planned redemption of all $197.495 million of its outstanding Swedish Health Services revenue bonds, series 1998.

According to a previous notice dated Oct. 28, the bonds were to be redeemed on Nov. 30 at par plus accrued interest to the redemption date.

Affected are the following bonds:

• $6.855 million of 5.125% bonds due Nov. 15, 2011;

• $7.205 million of 5.5% bonds due Nov. 15, 2012;

• $7.605 million of 5.5% bonds due Nov. 15, 2013;

• $8.02 million of 5.5% bonds due Nov. 15, 2014;

• $8.465 million of 5.25% bonds due Nov. 15, 2015;

• $28.115 million of 5.125% bonds due Nov. 15, 2018;

• $44.685 million of 5.125% bonds due Nov. 15, 2022;

• $54.675 million of 5.25% bonds due Nov. 15, 2026; and

• $31.87 million of 5.5% bonds due Nov. 15, 2028

The Bank of New York Mellon Trust Co., NA is the trustee.

Swedish Health is a Seattle-based health care system.

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