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

Massachusetts HEFA calls all 2001 series C Partners Healthcare bonds

By Marisa Wong

Madison, Wis., June 1 - Massachusetts Health and Educational Facilities Authority said it will redeem in full its $103.04 million of outstanding Partners Healthcare System, Inc. 2001 series C bonds on July 1.

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

Affected are the following bonds:

• $4.81 million of 6% bonds due July 1, 2017;

• $3.84 million of 6% bonds due July 1, 2018; and

• $94.39 million of 5.75% bonds due July 1, 2032.

The health and educational facilities authority has merged into MassDevelopment, Massachusetts' Boston-based finance and development authority. Partners is a Boston-based non-profit health system founded by Brigham and Women's Hospital and Massachusetts General Hospital.


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