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Published on 6/1/2011 in the Prospect News Liability Management Daily and Prospect News Municipals Daily.

California Health calls some 2008 Catholic Healthcare West bonds

By Marisa Wong

Madison, Wis., June 1 - California Health Facilities Financing Authority said it will redeem portions of its 2008 series H, I and K Catholic Healthcare West revenue bonds on July 1.

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

Affected are the following bonds:

• $6.725 million of the $54.65 million of outstanding 5.125% 2008H bonds due July 1, 2022;

• $6.725 million of the $53.725 million of outstanding 5.125% 2008I bonds due July 1, 2022; and

• $6.725 million of the $54.1 million of outstanding 5.125% 2008K bonds due July 1, 2022.

The Sacramento-based authority provides financial assistance to public and nonprofit health care providers through loans, grants and tax-exempt bonds. Catholic Healthcare West is a San Francisco-based hospital system.


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