Maryland Health offers $75.71 million revenue bonds for Johns Hopkins

By Sheri Kasprzak

New York, Oct. 14 - The Maryland Health and Higher Educational Facilities Authority is set to price $75.705 million of series 2011A revenue bonds for the Johns Hopkins Health System Obligated Group, according to a preliminary official statement.

The bonds (Aa3/AA-/AA-) will be sold on a negotiated basis with Goldman Sachs & Co. and J.P. Morgan Securities LLC as the senior managers. The co-managers are Bank of America Merrill Lynch and PNC Capital Markets LLC.

The maturity dates have not been set.

Proceeds will be used to refund the health system's series 2001 bonds, which were issued to fund the construction, equipment and installation of Johns Hopkins facilities.

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