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Published on 7/1/2011 in the Prospect News Liability Management Daily and Prospect News Municipals Daily.

New Mexico Hospital calls $179.4 million Presbyterian Healthcare bonds

By Melissa Kory

Cleveland, July 1 - The New Mexico Hospital Equipment Loan Council said it will redeem its $179.395 million of Presbyterian Healthcare Services series A hospital system revenue bonds.

The bonds affected include:

• $4.49 million of 5.75% bonds due Aug. 1, 2012;

• $4.715 million of 5.75% bonds due Aug. 1, 2013;

• $4.96 million of 5.75% bonds due Aug. 1, 2014;

• $5.22 million of 5.75% bonds due Aug. 1, 2015;

• $5.505 million of 5.75% bonds due Aug. 1, 2016;

• $16.5million of 5.7% bonds due Feb. 1, 2021;

• $23.15 million of 5.5% bonds due Aug. 1, 2021;

• $44.305 million of 5.5% bonds due Aug. 1, 2025; and

• $70.55 million of 5.5% bonds due Aug. 1, 2030.

The bonds will be redeemed on Aug. 1 at 101 plus accrued interest to the redemption date.

Wells Fargo Bank, NA is the redemption agent.


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