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Published on 1/17/2012 in the Prospect News Liability Management Daily and Prospect News Municipals Daily.

California Health Facilities calls $106.77 million of revenue bonds

By Ashley Montgomery

Kansas City, Kan., Jan. 17 - California Health Facilities Financing Authority will redeem $106.77 million of its Sutter Health insured revenue bonds, series 1998A and 1999A, on Feb. 15 according to a notice.

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

The authority will redeem $49.81 million of series 1998A bonds due Aug. 15, 2030.

The following series 1999A bonds are affected:

• $1,505,000 of 5% bonds due Aug. 15, 2018;

• $1.58 million of 5% bonds due Aug. 15, 2019;

• $16,015,000 of 5.35% bonds due Aug. 15, 2028; and

• $37.86 million of 5% bonds due Aug. 15, 2038.

The Bank of New York Mellon Trust Co., NA is the trustee.

The authority is based in Sacramento. Sutter Health is a Sacramento-based group of doctors and hospitals in Northern California.


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