Berks County, Pa., to sell $149 million in bonds for Reading Hospital

By Sheri Kasprzak

New York, June 30 - The Berks County Municipal Authority of Pennsylvania is expected to price $149 million in series 2009 variable-rate revenue bonds for Reading Hospital and Medical Center in July, according to a preliminary official statement.

The deal includes $49 million in series 2009A-4 bonds (Aa3/AA/AA-) and $100 million in series 2009A-4 bonds (Aa3/AA/AA-).

RBC Capital Markets Inc. is the senior manager for both bonds.

Both bonds are due May 1, 2032.

Proceeds will be used to fund improvements to the Reading Hospital and Medical Center.

The county seat of Berks County is Reading, Pa.

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