Massachusetts HEFA ups redemption price for 2001 series C bonds to 101

By Toni Weeks

San Diego, June 3 - Massachusetts Health and Educational Facilities Authority has increased the redemption price for its $103.04 million of outstanding Partners Healthcare System, Inc. 2001 series C bonds that were called for redemption on June 1, according to a revised redemption announcement.

The bonds will now be redeemed at 101 plus accrued interest to the redemption date. The bonds had been called at par.

Affected are the following bonds, which will be redeemed July 1:

• $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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