University of Michigan to redeem $121.4 million of its revenue bonds

By Devika Patel

Knoxville, Tenn., Feb. 23 - The Regents of the University of Michigan said it is offering a full optional redemption of $100 million of its variable-rate series 1995A hospital revenue bonds due 2027 and a partial optional redemption of $21.4 million of its variable-rate series 1995A medical service plan revenue bonds due 2027.

Both bonds will be redeemed at par plus interest to March 9, the redemption date.

U.S. Bank NA (800 934-6802) is the trustee.

The University of Michigan is based in Ann Arbor, Mich.

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