Arizona Health plans $55 million sale of Phoenix Children's Hospital revenue bonds

By Sheri Kasprzak

New York, Jan. 28 - The Arizona Health Facilities Authority plans to price $55 million of series 2013D fixed-rate revenue bonds for the Phoenix Children's Hospital, according to a preliminary official statement.

The bonds (/BBB+/) will be sold through Bank of America Merrill Lynch.

The bonds are due 2021 to 2028 with term bonds due in 2033, 2043 and 2048.

Proceeds will be used to finance the construction, equipment and improvement of hospital facilities, as well as to refund the authority's series 2007 bonds.

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