Howard Hughes to redeem $600 million of 2009A taxable fixed-rate bonds

By Tali David

Minneapolis, July 18 - The Howard Hughes Medical Institute plans to redeem its $600 million of 3.45% series 2009A taxable fixed-rate bonds due Sept. 1, 2014, according to a notice.

The bonds will be redeemed at par plus accrued interest on Aug. 16 for an estimated make-whole price of $629,321,744.

Wells Fargo Bank, NA is the trustee.

Howard Hughes is a Chevy Chase, Md.-based medical research organization.

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