Sisters of Mercy Health System, Mo., to price $109.675 million variable-rate refunding revenue bonds

By Cristal Cody

Springdale, Ark., May 8 - The Sisters of Mercy Health System plans to price $109.675 million of variable-rate demand obligation refunding revenue bonds on May 21, a source said Thursday.

The series 2008A, B and C bonds (Aa2/VMIG1) will price through the Missouri State Health and Educational Facilities Authority.

The series 2008A and B bonds initially will price with a daily interest rate, and the series 2008C bonds initially will price with a weekly rate.

Bear, Stearns & Co. is the underwriter.

Proceeds will be used to refund the outstanding $108.9 million series 2004A, B and C auction-rate bonds.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.