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Published on 6/13/2012 in the Prospect News Liability Management Daily and Prospect News Municipals Daily.

Lancaster County Hospital, Pa., calls remaining revenue bonds due 2041

By Tali David

Minneapolis, June 13 - Lancaster County Hospital Authority of Pennsylvania said it will redeem the remaining $91.36 million of its Lancaster General Hospital refunding project health system revenue bonds, series 2008, according to a redemption notice.

The bonds, which are due July 1, 2041, will be redeemed at par plus accrued interest on June 28.

As previously reported, the authority will redeem $5.37 million of the notes on July 1.

Manufacturers and Traders Trust Co. is the trustee.

Based in Lancaster, Pa., the authority provides funding for hospitals and health care systems within the county. The hospital is also based in Lancaster, Pa.


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