Charleston Area Medical Center, W.Va., intends to redeem $64.76 million hospital bonds Sept. 1

By Devika Patel

Knoxville, Tenn., Aug. 2 - The Charleston Area Medical Center in West Virginia will redeem $64.76 million of its $93.23 million in series A hospital revenue bonds that were issued in 2000.

The bonds will be redeemed at 101 plus interest to Sept. 1, the redemption date.

Affected securities include $2.68 million in 6% bonds due Sept. 1, 2012; $24.98 million in 6.75% bonds due Sept. 1, 2022; and $37.1 million in 6.75% bonds due Sept. 1, 2030.

The Bank of New York Mellon (800 254-2826) is the trustee.

Based in Charleston, W.Va., Charleston Area Medical Center is the largest health care system in West Virginia.

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