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Published on 4/8/2008 in the Prospect News Municipals Daily.

Memorial Sloan-Kettering Cancer Center, N.Y., to price $450 million revenue bonds

By Cristal Cody

Springdale, Ark., April 8 - The Memorial Sloan-Kettering Cancer Center plans to price $450 million of revenue bonds on April 14, according to information released to Prospect News.

The $162.575 million series 2008A1 and $287.425 million series 2008A2 bonds will price through the Dormitory Authority of the State of New York.

Goldman, Sachs & Co. will be the senior manager for the negotiated sale of the bonds (Aa2/AA/AA).

Co-managers are Citi, UBS Investment Bank, J.P. Morgan Securities Inc., Lehman Brothers, Loop Capital Markets, Merrill Lynch & Co., Morgan Stanley, MR Beal & Co. and Sterne, Agree & Leach Inc.

Proceeds will be used to refund the cancer center's series 2002A revenue bonds.


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