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Published on 6/4/2012 in the Prospect News Liability Management Daily and Prospect News Municipals Daily.

Lehigh County, Pa., calls part of Lehigh Valley Health hospital bonds

By Tali David

Minneapolis, June 4 - The Lehigh County General Purpose Authority in Pennsylvania said it will redeem portions of its Lehigh Valley Health Network hospital revenue bonds, according to a redemption notice.

The following bonds will be redeemed with accrued interest on July 1:

• $1.08 million of series A of 1994 bonds due July 1, 2016, to be redeemed at par;

• $865,000 of series B of 2001 bonds due July 1, 2013, to be redeemed at 100.5%;

• $900,000 of series B of 2001 bonds due July 1, 2014, to be redeemed at 100.5%;

• $1.95 million of series B of 2001 bonds due July 1, 2016, to be redeemed at 100.5%;

• $3.32 million of series B of 2001 bonds due July 1, 2019, to be redeemed at 100.5%;

• $3.87 million of series B of 2001 bonds due July 1, 2022, to be redeemed at 100.5%;

• $1.45 million of series A of 2005 bonds due July 1, 2025, to be redeemed at par;

• $2 million of series B of 2008 bonds due July 1, 2028, to be redeemed at par; and

• $2.07 million of series A of 2011 bonds due July 1, 2029, to be redeemed at par.

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


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