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Published on 6/18/2010 in the Prospect News Liability Management Daily and Prospect News Municipals Daily.

Philadelphia Industrial Development rescinds redemption of 2007A Fox Chase Cancer Center bonds

By Marisa Wong

Milwaukee, June 18 - The Philadelphia Authority for Industrial Development has rescinded the planned redemption of $4.6 million of its $56.53 million outstanding Fox Chase Cancer Center revenue bonds, series 2007A, according to a notice.

Originally, the variable-rate bonds due 2031 were to be redeemed on July 1 at par plus accrued interest up to the redemption date.

TD Bank, NA was the agent.


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