Dasny to redeem $122.77 million Lenox Hill Hospital revenue bonds

By Marisa Wong

Madison, Wis., Sept. 16 - Dormitory Authority of the State of New York said it will redeem its $122.77 million of Lenox Hill Hospital Obligated Group series 2001 revenue bonds on Oct. 21.

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

The redemption includes the following bonds:

• $3.785 million of 5.75% bonds due July 1, 2012;

• $4.005 million of 5.75% bonds due July 1, 2013;

• $4.235 million of 5.75% bonds due July 1, 2014;

• $4.48 million of 5.75% bonds due July 1, 2015;

• $4.735 million of 5.75% bonds due July 1, 2016;

• $5.005 million of 5.75% bonds due July 1, 2017;

• $16.755 million of 5.375% bonds due July 1, 2020; and

• $79.77 million of 5.5% bonds due July 1, 2030.

The Bank of New York Mellon is the trustee.

The New York City-based authority is responsible for financing and building facilities for higher education, health-care providers, court facilities, nonprofit institutions and public agencies. Lenox Hill Hospital is also located in New York City.

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