Jefferson Parish Hospital, La., to sell $170 million hospital revenue and refunding bonds

By Sheri Kasprzak

New York, Oct. 11 - The Jefferson Parish Hospital Service District No. 2 of Louisiana is set to sell $170 million of series 2011 hospital revenue and refunding bonds for the East Jefferson General Hospital, according to a preliminary official statement.

The bonds (Baa2/BBB-/) will be sold on a negotiated basis with J.P. Morgan Securities LLC and Sisung Securities Corp. as the lead managers.

The maturities have not been set.

Proceeds will be used to construct, equip and acquire a new four-story wing of the hospital to house an emergency room, cardiology center, physician offices and a parking garage.

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