Phoebe Putney Health System Remarketing 2008, 2010 Bond Issues
Thursday, January 8th, 2015
The Phoebe Putney Memorial Hospital finance committee recommended action Wednesday on the remarketing of the variable rate direct placement 2008 and 2010 bonds that had been previously issued by the Hospital Authority of Albany-Dougherty County.
Officials say the current market rates for high credit-quality tax exempt securities creates a favorable opportunity for the Hospital Authority and Phoebe Putney Health System to reduce the amount of future interest costs on the $187.8 million outstanding debt balance from the 2008 and 2010 bond issues.
