Maryland Health and Higher Education calls University of Maryland Medical series 2001 bonds

By Marisa Wong

Madison, Wis., May 16 - Maryland Health and Higher Educational Facilities Authority said it will redeem its outstanding University of Maryland Medical System series 2001 revenue bonds on July 1.

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

Affected are $1.33 million of bonds due July 1, 2012; $1.38 million of bonds due July 1, 2013; $15.68 million of bonds due July 1, 2021; $28.57 million of bonds due July 1, 2028; and $46.34 million of bonds due July 1, 2034.

Manufacturers and Traders Trust Co. is the trustee.

The Baltimore-based authority assists nonprofit hospitals and health care organizations as well as private non-collegiate and higher education institutions in the construction, financing and refinancing of certain approved projects. The university medical system is also based in Baltimore.

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