Vermont conditionally calls $60.92 million of Fletcher Allen bonds

By Tali David

Minneapolis, Nov. 28 - Vermont Educational and Health Buildings Financing Agency has conditionally called $60.92 million of its Fletcher Allen Health Care project series 2000 A hospital revenue bonds, according to a news release.

The bonds, which are due 2012 to 2027, will be redeemed on Dec. 29.

The company said that the redemption is conditional because the hospital retains the right to rescind notice on or before Dec. 13.

If the hospital rescinds the notice on or prior to Dec. 13, then this notice and optional redemption shall be of no force and effect with respect to the Dec. 29 redemption date, according to the news release.

People's United Bank is the trustee.

Fletcher Allen is an academic medical center in Burlington, Vt.

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