Nationwide Children's Hospital of Ohio to price $90 million series 2008 health care revenue bonds April 23 and 30

By Sheri Kasprzak

New York, April 16 - The Nationwide Children's Hospital plans to sell $90 million of series 2008A and 2008B health care revenue bonds on April 23 and April 30, the issuer confirmed Wednesday.

The bonds (Aa2//) are being sold through the Franklin County Hospital Commission of Ohio.

The sale includes $45 million of series 2008A bonds and $45 million of variable-rate demand revenue bonds. The 2008A bonds price on April 23 and the 2008B bonds will price on April 30.

"The commission approved the deal back in March," noted a source at the issuer.

The bonds will be used to refund the hospital's outstanding auction-rate securities, the source said.

The bonds will be sold on a negotiated basis through lead managers NatCity Investments and J.P. Morgan Securities.

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