Illinois Health calls $48.5 million Condell Medical revenue bonds

By Tali David

Minneapolis, April 16 - Illinois Health Facilities Authority called $48.5 million of its Condell Medical Center series 2002 revenue bonds, according to a redemption notice.

The authority will redeem $16 million of 5.75% bonds due May 15, 2022 and $32.5 million of 5.5% bonds due May 15, 2032.

The bonds will be redeemed at par plus the applicable premium on May 15.

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

The authority is under the Chicago-based Illinois Finance Authority, which provides funding for nonprofit organizations. Condell Medical Center is in Libertyville, Ill.

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