North Carolina Medical defeases $76.19 million Rowan Medical bonds

By Ashley Montgomery

Kansas City, Kan., July 19 - North Carolina Medical Care Commission has defeased its $76.19 million of series 2004 Rowan Regional Medical Center project mortgage revenue bonds, according to a notice. FHA insures the bonds.

The bonds will be redeemed on Sept. 1, 2014 at par plus accrued interest.

The following bonds are affected:

• $1.08 million of 5% R-12 bonds due Sept. 1, 2012;

• $1,115,000 of 5% R-13 bonds due March 1, 2013;

• $1.14 million of 5% R-14 bonds due Sept. 1, 2013;

• $1.17 million of 4% R-15 bonds due March 1, 2014;

• $1,195,000 of 4% R-16 bonds due Sept. 1, 2014;

• $1.22 million of 4% R-17 bonds due March 1, 2015;

• $1,245,000 of 4% R-18 bonds due Sept. 1, 2015;

• $1.27 million of 5.25% R-19 bonds due March 1, 2016;

• $1.3 million of 5.25% R-20 bonds due Sept. 1, 2016;

• $1.34 million of 5.25% R-21 bonds due March 1, 2017;

• $1,375,000 of 5.25% R-22 bonds due Sept. 1, 2017;

• $1,415,000 of 5.25% R-23 bonds due March 1, 2018;

• $1.45 million of 5.25% R-24 bonds due Sept. 1, 2018;

• $19,875,000 of 4.75% R-25 bonds due Sept. 1, 2024; and

• $40,385,000 of 5% R-26 bonds due Sept. 1, 2033.

Bank of New York Mellon is the trustee.

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