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Minneapolis to price $222.5 million revenue bonds for Fairview Health
By Cristal Cody
Tupelo, Miss., Oct. 23 - Minneapolis plans to price $222.5 million in variable-rate revenue bonds for Fairview Health Services, according to a preliminary official statement.
The $84.375 million series 2008C, $28.125 million series 2008D and $110 million series 2008E bonds are due in 2047.
Citigroup Global Markets will manage the negotiated sale of the series 2008C bonds. RBC Capital Markets will manage the sale of the series 2008D bonds, and Wells Fargo Brokerage Services LLC will manage the series 2008E bonds.
The bonds will price initially with a weekly interest rate.
The proceeds will be used to finance the costs to construct and equip health care facilities, including a replacement children's hospital at the University of Minnesota Medial Center.
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