Massachusetts HEFA calls $119.28 million of CareGroup revenue bonds

By Marisa Wong

Madison, Wis., Sept. 16 - Massachusetts Health and Educational Facilities Authority said it will redeem $119.28 million of its outstanding CareGroup series A revenue bonds on Oct. 17.

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

Affected are the following bonds:

• $9.3 million of 4.75% bonds due July 1, 2012;

• $19.92 million of 4.5% bonds due July 1, 2014;

• $45.93 million of 5% bonds due July 1, 2018;

• $26.485 million of 4.75% bonds due July 1, 2020; and

• $17.645 million of 5% bonds due July 1, 2025.

The health and education authority has merged into MassDevelopment, Massachusetts' Boston-based finance and development authority. CareGroup is a healthcare system that serves residents of eastern Massachusetts.

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