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Harris County, Tex., authority plans $133 million hospital revenue bonds for Memorial Hermann
By Aaron Hochman-Zimmerman
New York, Nov. 20 - Harris County Cultural Education Facilities Finance Corp. will issue $133.2 million of series 2008D hospital revenue bonds (Aaa/AAA/) for Memorial Hermann Healthcare Systems, according to a preliminary official statement.
RBC Capital Markets and JP Morgan Securities will act as the underwriter for the issue, which is expected to price Tuesday.
The offering will include a $53.2 million tranche, a $50 million tranche and a $30 million tranche.
All three issues will mature on June 1, 2029.
The issuer is authorized to raise capital in order to refinance debt and make improvements to healthcare facilities.
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