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Richmond County, Ga., authority calls $3.34 million MCG Health bonds
By Tali David
Minneapolis, June 1 - The Development Authority of Richmond County, Ga., called $3,335,000 of its MCG Health, Inc. project revenue bonds, series 2008A and 2008B, according to two redemption notices.
The bonds will be redeemed at par plus accrued interest on July 1.
The authority called $2,105,000 of its 2008A bonds due July 1, 2037. Following the transaction, $80.86 million will remain outstanding.
In addition, the authority called $1.23 million of its 2008B bonds due July 1, 2037. Following the transaction, $47.58 million will remain outstanding.
The Bank of New York Mellon Trust Co., NA is the agent.
The authority issues bonds to fund industrial, educational, medical and related projects in Augusta, Ga. MCG is an academic medical center that is also based in Augusta, Ga.
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