Minneapolis to price $222.5 million bonds for Fairview Health Tuesday

By Cristal Cody

Tupelo, Miss., Oct. 24 - Minneapolis expects to price $222.5 million in variable-rate revenue bonds for Fairview Health Services on Tuesday, a source said Friday.

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 Medical Center.

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