Texas' Baylor College of Medicine delays $200 million sale to Wednesday

By Sheri Kasprzak

New York, Aug. 26 - The Baylor College of Medicine in Texas plans to price $200 million in series 2008D medical facilities revenue refunding bonds on Wednesday, according to a sales calendar. The bonds will be sold through the Harris County Cultural Education Facilities Finance Corp.

The bonds (/A/) will be sold on a negotiated basis with Citigroup Global Markets as the senior manager. The co-managers are Merrill Lynch, Wells Fargo Brokerage Services and Goldman, Sachs & Co.

The bonds are due from 2009 to 2018 with term bonds due 2023, 2028 and 2032.

Proceeds will be used to refund the college's outstanding series 1999B and 2005A bonds, both of which are auction-rate securities.

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