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Illinois finance authority calls $1 million Presbyterian Home bonds
By Devika Patel
Knoxville, Tenn., Aug. 2 - The Illinois Development Finance Authority announced it will redeem $1 million of its $60.4 million in series 1996A adjustable demand revenue refunding bonds, which were issued for the Presbyterian Home Lake Forest Project, at par plus interest to Sept. 1, the redemption date.
The Bank of New York Mellon (800 254-2826) is the trustee.
The authority, based in Chicago, aims to strengthen Illinois businesses and the state's economic development agenda.
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