Medical Center Hospital Authority, Ga., to sell $170 million revenue anticipation certificates

By Sheri Kasprzak

New York, July 30 - The Medical Center Hospital Authority in Georgia plans to price $170 million of series 2010 tax-exempt revenue anticipation certificates for the Columbus Regional Health Care System Inc., said a preliminary official statement.

The bonds (Aa3/AAA/) will be sold on a negotiated basis with Barclays Capital Inc. as the senior manager.

The maturity dates have not been set, but the certificates will include two term bonds.

Proceeds will be used to finance improvements to the Columbus Regional Health Care System's facilities, as well as to refund existing debt.

Based in Columbus, Ga., the authority provides funding for hospitals throughout the city.

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