Presbyterian Intercommunity Hospital, Calif., buys $57.13 million auction-rate bonds with 3.17% bids

By Cristal Cody

Springdale, Ark., May 8 - The Presbyterian Intercommunity Hospital in Whittier, Calif., purchased $57.125 million of its auction-rate bonds with 3.17% interest rate bids on Wednesday, according to a notice.

The hospital purchased $49.975 million of the $50.2 million series 2007A health facility revenue bonds available at auction.

Also on Wednesday, the hospital purchased the entire $7.15 million of the series 2007D health facility revenue bonds available at auction. The hospital also submitted a bid to hold on $44.625 million series 2007D bonds purchased at an April 23 auction.

The series 2007A and D bonds priced through the city of Whittier.

Presbyterian Intercommunity Hospital plans to submit hold orders in future auctions on the bonds it owns.

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