Minneapolis to sell $491.29 million revenue bonds for Fairview Health

By Cristal Cody

Tupelo, Miss., Sept. 18 - Minneapolis intends to price $491.29 million revenue bonds for Fairview Health Services, according to a preliminary official statement.

The sale includes $201.29 million series 2008A bonds with serial maturities from 2012 through 2028 and $290 million in series 2008B revenue term bonds.

The bonds are insured by Assured Guaranty Corp.

Citigroup Global Markets is the senior manager of the negotiated sale. RBC Capital Markets and Dougherty & Co. are co-managers.

Proceeds will be used to finance projects, including a replacement children's hospital at the University of Minnesota Medical Center, and to refund the series 2004A, 2005A, 2005B and 2005C revenue refunding bonds.

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