Shands Jacksonville Medical Center, Fla., to sell $59.33 million revenue bonds Friday

By Sheri Kasprzak

New York, June 26 - Shands Jacksonville Medical Center in Florida plans to price its previously announced $59.33 million offering of series 2008 revenue bonds on Friday, said Bill Ryan, vice president of finance for the medical center.

The bonds (Aa1/VMIG1//) will bear interest at the daily rate, Ryan said, and will be sold on a negotiated basis with Wachovia Securities as the lead manager.

"We just completed the pre-closing this a.m.," said Ryan.

"Closing is tomorrow," Ryan said Thursday. "This is a refinancing of a portion of our 2004 series A and B issue, which had a balance of $58.95 million weekly auction-rate bonds."

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