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Published on 6/16/2010 in the Prospect News Liability Management Daily and Prospect News Municipals Daily.

Lehigh County, Pa., calls part of Lehigh Valley Health hospital bonds

By Marisa Wong

Milwaukee, June 16 - The Lehigh County General Purpose Authority in Pennsylvania said it will redeem portions of its outstanding Lehigh Valley Health Network hospital revenue bonds, 2005 series A and 2008 series C, on July 1.

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

Affected are $1.35 million of $52.6 million outstanding 2005A bonds due 2025 and $235,000 of $59.265 million outstanding 2008C bonds due 2029.


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