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Colorado Health defeases $118.11 million of Covenant Retirement bonds
By Tali Rackner
Norfolk, Va., April 9 – The Colorado Health Facilities Authority defeased $118.11 million of its series 2005 revenue bonds issued for Covenant Retirement Communities Inc., according to a notice.
The following will be redeemed at par plus accrued interest on Dec. 1, 2015:
• $2,415,000 of 5% bonds due Dec. 1, 2015;
• $2.86 million of 5% bonds due Dec. 1, 2016;
• $2.97 million of 5% bonds due Dec. 1, 2017;
• $3,095,000 of 5% bonds due Dec. 1, 2018;
• $25,825,000 of 5% bonds due Dec. 1, 2025; and
• $80,945,000 of 5% bonds due Dec. 1, 2035.
Wells Fargo Bank, NA is the bond trustee and escrow agent.
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