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Published on 12/13/2012 in the Prospect News Liability Management Daily and Prospect News Municipals Daily.

Dasny defeases series 2007 New York and Presbyterian Hospital bonds

By Tali David

Minneapolis, Dec. 13 - The Dormitory Authority of the State of New York defeased its series 2007 New York and Presbyterian Hospital FHA-insured mortgage hospital revenue bonds, according to a notice.

The following bonds will be redeemed at par plus accrued interest on Aug. 15, 2014:

• $3.12 million of 5% bonds due Feb. 15, 2013;

• $3.2 million of 5% bonds due Aug. 15, 2013;

• $3.28 million of 5% bonds due Feb. 15, 2014;

• $3.36 million of 5% bonds due Aug. 15, 2014;

• $3.45 million of 4.2% bonds due Feb. 15, 2015;

• $3.52 million of 4.2% bonds due Aug. 15, 2015;

• $3,595,000 of 4.25% bonds due Feb. 15, 2016;

• $3,675,000 of 4.25% bonds due Aug. 15, 2016;

• $3,755,000 of 4.4% bonds due Feb. 15, 2017;

• $3,835,000 of 4.4% bonds due Aug. 15, 2017;

• $3.92 million of 4.5% bonds due Feb. 15, 2018;

• $4.01 million of 4.5% bonds due Aug. 15, 2018;

• $4,105,000 of 4.55% bonds due Feb. 15, 2019;

• $4,195,000 of 4.55% bonds due Aug. 15, 2019;

• $4,295,000 of 4.625% bonds due Feb. 15, 2020;

• $4,395,000 of 4.625% bonds due Aug. 15, 2020;

• $4,495,000 of 4.625% bonds due Feb. 15, 2021;

• $4,605,000 of 4.625% bonds due Aug. 15, 2021;

• $14,465,000 of 4.75% bonds due Feb. 15, 2023;

• $5,055,000 of 5.25% bonds due Aug. 15, 2023;

• $5.19 million of 5.25% bonds due Feb. 15, 2024;

• $5,325,000 of 5.25% bonds due Aug. 15, 2024;

• $5,465,000 of 5.25% bonds due Feb. 15, 2025;

• $5,615,000 of 5.25% bonds due Aug. 15, 2025;

• $11,675,000 of 5.25% bonds due Feb. 15, 2026;

• $12,305,000 of 5.25% bonds due Aug. 15, 2027;

• $48,495,000 of 5.25% bonds due Feb. 15, 2031; and

• $97.03 million of 5% bonds due Aug. 15, 2036.

The Bank of New York Mellon is the trustee.

New York and Presbyterian Hospital is based in New York City.


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