North Carolina defeases $157.46 million of Eastern Carolina bonds

By Tali David

Minneapolis, May 7 - North Carolina Medical Care Commission defeased some of its University Health System of Eastern Carolina health care facilities revenue refunding bonds, according to three defeasance notices.

The following series 2008C bonds will be redeemed at par plus accrued interest on Dec. 1, 2013:

• $825,000 of 5.05% bonds due Dec. 1, 2014;

• $835,000 of 5.25% bonds due Dec. 1, 2015;

• $930,000 of 5.45% bonds due Dec. 1, 2016;

• $1 million of 5.6% bonds due Dec. 1, 2017;

• $1.06 million of 5.75% bonds due Dec. 1, 2018;

• $7.8 million of 6.25% bonds due Dec. 1, 2023;

• $8,515,000 of 6.4% bonds due Dec. 1, 2026; and

• $60.56 million of 6.6% bonds due Dec. 1, 2036.

The commission will redeem $21.75 million of its series 2008E-1 bonds due Dec. 1, 2036 on Dec. 2, 2013.

The commission will also redeem $54,185,000 of its series 2008E-2 bonds due Dec. 1, 2036 on Dec. 2, 2014.

U.S. Bank NA is the bond trustee.

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