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Rhode Island Health to redeem $70.67 million of hospital bonds Aug. 15
By Tali David
Minneapolis, July 16 - Rhode Island Health and Educational Building Corp. called $70,665,000 of its bonds, according to multiple redemption notices.
The bonds will all be redeemed at par plus accrued interest on Aug. 15.
The corporation will redeem $4 million of its series 1991 Rhode Island Hospital financing revenue bonds due Aug. 15, 2021. Following the transaction, $51 million of the bonds will remain outstanding.
Rhode Island will also redeem $65,315,000 of its series 2002 Lifespan Obligated Group hospital financing revenue bonds due Aug. 15, 2021 and 2032.
Finally, it will redeem $1.35 million of its series 2008A Rhode Island School of Design higher education facility revenue refunding bonds due Aug. 15, 2034. Following the transaction, $53.18 million of the bonds will remain outstanding.
The Bank of New York Mellon Trust Co., NA is the agent.
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