New York City Health and Hospitals to price $513.83 million bonds

By Sheri Kasprzak

New York, Oct. 14 - New York City Health and Hospitals Corp. plans to bring to market $513.825 million in series 2010A health system revenue bonds, according to a preliminary official statement.

J.P. Morgan Securities LLC, Morgan Stanley & Co. Inc. and Citigroup Global Markets Inc. are the lead managers. The co-managers are Fidelity Capital Markets LLC; Jackson Securities Inc.; Goldman Sachs & Co.; Janney Montgomery Scott LLC; Lebenthal & Co. LLC.; Loop Capital Markets LLC; M.R. Beal & Co. Inc.; Morgan Keegan & Co. Inc.; Raymond James & Associates Inc.; RBC Capital Markets Corp.; Rice Financial Products Co.; Roosevelt & Cross Inc.; Siebert Brandford Shank & Co. LLC; TD Securities (USA) LLC; and Wells Fargo Bank, NA.

The bonds are due 2011 to 2024 with a term bond, the maturity of which has not been set.

Proceeds will be used to finance the construction, renovation and acquisition of and improvements to the corporation's facilities, as well as to refund existing debt.

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