Michigan State Hospital defeases $66.75 million 2007A Oakwood bonds

By Tali Rackner

Norfolk, Va., Jan. 28 – The Michigan State Hospital Finance Authority plans to redeem $66.75 million of its series 2007A hospital revenue and refunding bonds issued for the Oakwood Obligated Group, according to a notice.

The following will be redeemed at par plus accrued interest on July 15, 2017:

• $5,275,000 of bonds due July 15, 2018;

• $5.53 million of bonds due July 15, 2019;

• $11,885,000 of bonds due July 15, 2021;

• $17.38 million of bonds due July 15, 2025; and

• $26.68 million of bonds due July 15, 2037.

The Bank of New York Mellon Trust Co., NA is the escrow agent and bond trustee.

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