Rochester, Minn., to price $290 million revenue bonds for Mayo Clinic

By Sheri Kasprzak

New York, April 14 - The City of Rochester, Minn., plans to sell $290 million of series 2011 health care facilities revenue bonds for the Mayo Clinic, according to a preliminary official statement.

The bonds (Aa2/AA/) will be sold on a negotiated basis with Merrill Lynch and Wells Fargo Securities LLC as the senior managers.

The maturities have not been set.

Proceeds will be used to refund the clinic's series 1992 and 2001 bonds.

© 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.