New Jersey Health defeases $50.28 million Atlantic City Medical bonds

By Tali David

Minneapolis, May 2 - New Jersey Health Care Facilities Financing Authority defeased $50,275,000 of its Atlantic City Medical Center series 2002 revenue and refunding bonds, according to a defeasance notice.

The following bonds will be redeemed at par plus accrued interest on July 1:

• $710,000 of 5.25% bonds due July 1, 2012;

• $3,435,000 of 6% bonds due July 1, 2012;

• $1.49 million of 5.55% bonds due July 1, 2017;

• $12,325,000 of 6.25% bonds due July 1, 2017;

• $1.61 million of 5.85% bonds due July 1, 2025; and

• $30,705,00 of 5.75% bonds due July 1, 2025.

TD Bank NA is the trustee.

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