Indiana Health defeases $64 million of 2007 Community Foundation bonds

By Tali Rackner

Norfolk, Va., April 30 – The Indiana Health and Educational Facility Financing Authority defeased $64 million of its series 2007 hospital revenue bonds issued for the Community Foundation of Northwest Indiana Obligated Group, according to a notice.

The following will be redeemed at par plus accrued interest on March 1, 2017:

• $810,000 of 5.25% bonds due March 1, 2016;

• $885,000 of 5.25% bonds due March 1, 2017;

• $5.79 million of 5.5% bonds due March 1, 2022;

• $8.74 million of 5.5% bonds due March 1, 2027; and

• $47,775,000 of 5.5% bonds due March 1, 2037.

U.S. Bank NA is the trustee.

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