Allina Health System, Minn., to sell $229.78 million in bonds Tuesday

By Sheri Kasprzak

New York, Oct. 30 - The City of Minneapolis and the Housing and Redevelopment Authority of the City of St. Paul plan to price $229.775 million in series 2009A health care system revenue bonds for Allina Health System on Tuesday, according to a calendar of sales.

The bonds (A1/A+/A+) will be sold on a negotiated basis with Goldman, Sachs & Co. as the lead manager. The co-managers are J.P. Morgan Securities Inc., Wells Fargo Securities Inc. and Piper Jaffray & Co.

The sale includes $114.08 million in series 2009A-1 bonds and $115.695 million in series 2009A-2 bonds.

Proceeds will be used to construct, equip, acquire and renovate facilities operated by Allina Health, as well as to refund existing debt.

Allina's headquarters are located in Minneapolis.

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