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Illinois Finance Authority to price $87 million in Edward Hospital bonds
By Sheri Kasprzak
New York, March 31 - The Illinois Finance Authority planned to price $87 million in debt securities for the Edward Hospital Obligated Group on Tuesday, a calendar of new offerings said Monday.
The bonds will be sold through lead manager Citigroup Global Markets and are Ambac insured.
The term bonds (A2/A+/) are due 2028, 2033 and 2040.
The authority will use the proceeds to make renovations at the Edward Hospital in Naperville, Ill.
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