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Published on 5/23/2011 in the Prospect News Liability Management Daily and Prospect News Municipals Daily.

Connecticut HEFA calls portions of Yale-New Haven Hospital bonds

By Marisa Wong

Madison, Wis., May 23 - State of Connecticut Health and Educational Facilities Authority said it will redeem parts of its Yale-New Haven Hospital series K-1 and K-2 revenue bonds on July 1.

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

Affected are $1.55 million of K-1 bonds due July 1, 2025 and $1.55 million of K-2 bonds due July 1, 2025.

The authority helps Connecticut-based nonprofit organizations raise funds for projects focused on improving health and education in the state.

Based in New Haven, Conn., Yale-New Haven Hospital is a nonprofit medical center that includes Smilow Cancer Hospital at Yale-New Haven, Yale-New Haven Children's Hospital and Yale-New Haven Psychiatric Hospital and is the primary teaching hospital of the Yale School of Medicine.


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