University of Michigan to redeem some 2007 hospital revenue bonds

By Marisa Wong

Milwaukee, March 1 - Regents of the University of Michigan will redeem a portion of its series 2007 hospital revenue bonds on April 1.

The university will redeem $23.925 million of its $50.12 million outstanding 2007A bonds due 2037 and $55.925 million of its $100.235 million outstanding 2007B bonds due 2037.

The bonds will be redeemed at par, plus accrued interest up to the redemption date.

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