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Lorain County, Ohio, redeems $189.11 million Catholic HealthCare bonds
By Devika Patel
Knoxville, Tenn., April 22 - The County of Lorain in Ohio said it will redeem all $68.74 million of the series 1999A hospital facilities revenue bonds and $120.37 million in series 1997B hospital facilities revenue bonds it issued for Catholic HealthCare Partners on May 21.
The 1999A bonds will be redeemed at 102 plus interest to the redemption date. The 1997B bonds will be redeemed at par plus interest to the redemption date.
The bonds have maturities ranging from Sept. 1, 2010 through Sept. 1, 2029 and coupons ranging from 5.2% to 5.625%.
The Bank of New York Mellon Trust Co., NA (800-254-2826) is the trustee.
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