Maryland Industrial may redeem $4.86 million Bon Secours Health bonds

By Tali David

Minneapolis, Dec. 10 - The Maryland Industrial Development Financing Authority is planning an optional redemption of $4,855,000 of its Bon Secours Health System Project economic development revenue bonds, according to a notice.

The following 5.5% bonds will be redeemed at par plus accrued interest on Jan. 7:

• $295,000 of bonds due Aug. 15, 2013;

• $645,000 of bonds due Aug. 15, 2015;

• $1.94 million of bonds due Aug. 15, 2020; and

• $1,975,000 of bonds due Aug. 15, 2024.

Wells Fargo Bank, NA is the agent.

Bon Secours is a health system based in Marriottsville, Md.

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