Queen’s Health System, Hawaii, to sell $119.68 million revenue bonds

By Sheri Kasprzak

New York, Jan. 12 – The Queen’s Health System of Hawaii plans to price $119,675,000 of series 2015 special revenue bonds, according to a preliminary official statement.

The offering includes $59.84 million of series 2015B bonds and $59,835,000 of series 2015C bonds.

The bonds (A1/P-1/AA-/A-1+/) will be sold on a negotiated basis with J.P. Morgan Securities LLC as the underwriter for the 2015B bonds and BofA Merrill Lynch as the underwriter for the 2015C bonds.

The maturities have not been set.

Proceeds will be used to refinance the health system’s series 2003A-B, 2006A-B and 2009A-B revenue bonds.

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