Dasny defeases $53.41 million of 2003 Lutheran Medical Center bonds

By Tali David

Minneapolis, Aug. 23 - The Dormitory Authority of the State of New York defeased $53,405,000 of its Lutheran Medical Center FHA-insured mortgage hospital revenue bonds, series 2003, according to a defeasance notice.

The following bonds will be redeemed at par on Feb. 1, 2013:

• $2.57 million of 3.75% bonds due Feb. 1, 2013;

• $2.62 million of 5% bonds due Aug. 1, 2013;

• $2,685,000 of 4% bonds due Feb. 1, 2014;

• $2.74 million of 5% bonds due Aug. 1, 2014;

• $2.81 million of 4% bonds due Feb. 1, 2015;

• $2,865,000 of 4% bonds due Aug. 1, 2015;

• $2,925,000 of 4.125% bonds due Feb. 1, 2016;

• $2,985,000 of 5% bonds due Aug. 1, 2016;

• $2,285,000 of 4.25% bonds due Feb. 1, 2017;

• $780,000 of 4.25% bonds due Aug. 1, 2017;

• $795,000 of 4.25% bonds due Feb. 1, 2018;

• $815,000 of 4.25% bonds due Aug. 1, 2018;

• $5,245,000 of 4.25% bonds due Aug. 1, 2023; and

• $21,285,000 of 5% bonds due Aug. 1, 2031.

Bank of New York Mellon is the trustee.

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