Illinois to redeem all $69.5 million of series 1998B revenue bonds

By Devika Patel

Knoxville, Tenn., Sept. 23 - The Illinois Development Finance Authority announced it will redeem all $69.5 million of its series 1998B variable-rate demand revenue bonds due May 1, 2028, which were issued for Provena Health, at par plus interest to Nov. 10, 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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