Illinois Finance calls $1.56 million of Swedish Covenant bonds

By Melissa Kory

Cleveland, June 27 - Illinois Finance Authority said it will redeem $1.56 million of its $60 million of variable-rate series 2008A Swedish Covenant Hospital demand revenue refunding bonds due Aug. 15, 2038.

The bonds will be redeemed on Aug. 15 at par plus accrued interest to the redemption date.

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

Based in Chicago, the authority provides funding for nonprofit organizations.

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