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Published on 6/1/2011 in the Prospect News Liability Management Daily and Prospect News Municipals Daily.

Lehigh Valley, Pa., calls $3.94 million of Health Network bonds

By Melissa Kory

Cleveland, June 1 - The Lehigh Valley General Purpose Authority of Pennsylvania said it will redeem $3.94 million of its variable-rate Lehigh Valley Health Network hospital revenue bonds.

The bonds will be redeemed on July 1 at par plus accrued interest to the redemption date.

The bonds affected include:

• $2.54 million of its $90.775 million of series 2008B bonds due July 1, 2028 and

• $1.4 million of its $51.25 million of series 2005A bonds due July 1, 2025.

Bank of New York Mellon is the redemption agent.


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