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Dasny defeases, redeems 1998 New York and Presbyterian Hospital bonds
By Marisa Wong
Madison, Wis., Dec. 15 - The Dormitory Authority of the State of New York said it defeased $23.8 million of its series 1998 New York and Presbyterian Hospital bonds and will redeem $413.87 million of the 1998 bonds.
Defeased are $11.75 million of 5.5% bonds due Feb. 1, 2011 and $12.05 million of 5.5% bonds due Aug. 1, 2011.
To be redeemed on Jan. 19 at par plus accrued interest to the redemption date are the following bonds:
• $11.995 million of 4.75% bonds due Feb. 1, 2012;
• $10.68 million of 4.75% bonds due Aug. 1, 2012;
• $42.33 million of 4.75% bonds due Aug. 1, 2014;
• $61.42 million of 4.75% bonds due Aug. 1, 2016;
• $25.25 million of 5% bonds due Feb. 1, 2019;
• $164.115 million of 4.75% bonds due Aug. 1, 2027; and
• $98.08 million of 5% bonds due Aug. 1, 2032.
The Bank of New York Mellon Trust Co., NA is the trustee.
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