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Published on 6/15/2011 in the Prospect News Liability Management Daily and Prospect News Municipals Daily.

Kent Hospital, Mich., calls $82.87 million Spectrum Health bonds

By Melissa Kory

Cleveland, June 15 - The Kent Hospital Finance Authority, Mich., said it will redeem its $82.865 million of series 2001A Spectrum Health revenue bonds.

The bonds affected include:

• $2.39 million of 5.5% bonds due Jan. 15, 2012;

• $2.525 million of 5.5% bonds due Jan. 15, 2013;

• $2.66 million of 5.5% bonds due Jan. 15, 2014;

• $2.81 million of 5.5% bonds due Jan. 15, 2015;

• $2.965 million of 5.5% bonds due Jan. 15, 2016;

• $3.125 million of 5.5% bonds due Jan. 15, 2017;

• $14.27 million of 5.25% bonds due Jan. 15, 2021; and

• $52.12 million of 5.5% bonds due Jan. 15, 2031.

The bonds will be redeemed on July 15 at 101, plus accrued interest to the redemption date.

U.S. Bank, NA is the redemption agent.


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