Illinois Health defeases $60.91 million revolving fund pooled bonds

By Tali David

Minneapolis, April 17 - Illinois Health Facilities Authority plans to redeem all $60.91 million of its revolving fund pooled financing program series 1985A variable-rate demand revenue bonds, according to a redemption notice.

The 5.5% bonds, which are due Aug. 1, 2020, will be redeemed at par plus accrued interest on Aug. 1.

Wells Fargo Bank, NA is the trustee.

The authority is under the Chicago-based Illinois Finance Authority, which provides funding for nonprofit organizations.

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