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Published on 10/21/2011 in the Prospect News Liability Management Daily and Prospect News Municipals Daily.

Maryland Health calls $82.06 million 2001 Johns Hopkins Hospital bonds

By Marisa Wong

Madison, Wis., Oct. 21 - Maryland Health and Higher Educational Facilities Authority said it will redeem all $82.06 million of its outstanding series 2001 Johns Hopkins Hospital revenue bonds on Nov. 21.

The bonds will be redeemed at par plus accrued interest to the redemption date, according to a news release.

The affected bonds include:

• $2.755 million of 5% bonds due May 15, 2012;

• $2.805 million of 5% bonds due May 15, 2013;

• $2.97 million of 4.6% bonds due May 15, 2014;

• $3.11 million of 4.7% bonds due May 15, 2015;

• $2.94 million of 4.75% bonds due May 15, 2016;

• $17.16 million of 5% bonds due May 15, 2021;

• $22.69 million of 5% bonds due May 15, 2026;

• $5.1 million of 5% bonds due May 15, 2027; and

• $22.53 million of 5% bonds due May 15, 2034.

The Bank of New York Mellon is the trustee.

The Baltimore-based authority helps hospitals and related health care organizations and higher educational institutions finance approved projects. The hospital is also located in Baltimore.


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