New Jersey Health Care calls all 1998 Hackensack University bonds

By Marisa Wong

Madison, Wis., Sept. 27 - The New Jersey Health Care Facilities Financing Authority said that it will redeem its outstanding Hackensack University Medical Center issue 1998 bonds, totaling $126.14 million, in full on Oct. 26.

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

To be redeemed are the following bonds:

• $4.43 million of 5.25% bonds due Jan. 1, 2011;

• $4.665 million of 5.25% bonds due Jan. 1, 2012;

• $4.91 million of 5.375% bonds due Jan. 1, 2013;

• $5.175 million of 5.375% bonds due Jan. 1, 2014;

• $23.495 million of 5% bonds due Jan. 1, 2018;

• $15.04 million of 5% bonds due Jan. 1, 2021;

• $8 million of 5% bonds due Jan. 1, 2022;

• $42.425 million of 5% bonds due Jan. 1, 2028; and

• $18 million of 5.2% bonds due Jan. 1, 2028.

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