Berks County, Pa., to price $136.64 million bonds for Reading Hospital

By Sheri Kasprzak

New York, June 8 - The Berks County Municipal Authority in Pennsylvania is set to sell $136.635 million in series 2009A-3 fixed-rate revenue bonds for Reading Hospital and Medical Center, according to a preliminary official statement.

The sale is expected for the week of June 8.

The bonds (Aa3/AA/AA-) will be sold on a negotiated basis through RBC Capital Markets Inc.

The bonds are due 2009 to 2019 with term bonds due 2024, 2031 and 2039.

Proceeds will be used to renovate the Reading Hospital laboratory, as well as to refinance existing debt.

The county seat of Berks County is Reading, Pa.

© 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.