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Published on 4/5/2012 in the Prospect News Liability Management Daily and Prospect News Municipals Daily.

Louisville/Jefferson, Ky., defeases $330 million of Jewish Hospital, St. Mary's project bonds

By Tali David

Minneapolis, April 5 - The Louisville/Jefferson County Metro Government of Kentucky defeased $330 million of its Jewish Hospital & St. Mary's HealthCare, Inc. project health facilities revenue bonds, series 2008, according to a notice.

The following bonds will be redeemed at par plus accrued interest:

• $44.47 million of 6% bonds due Feb. 1, 2022;

• $9.71 million of 5.5% bonds due Feb. 1, 2023;

• $48,715,000 of 5.75% bonds due Feb. 1, 2027; and

• $227,105,000 of 6.125% bonds due Feb. 1, 2037.

The bonds due 2022 will be redeemed on Feb. 1, 2013. The rest will be redeemed on Feb. 1, 2018.

Bank of New York Mellon Trust Co., NA is the escrow agent.


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