Methodist Hospital of Harris County, Texas, to sell $150 million bonds

By Sheri Kasprzak

New York, May 7 - The Harris County Cultural Education Facilities Financing Authority in Texas plans to bring to market $150 million in series 2009 revenue refunding bonds for Methodist Hospital System, according to a preliminary official statement.

The sale includes $100 million in series 2009A bonds and $50 million in series 2009B bonds.

J.P. Morgan Securities Inc. is the lead manager for both series of bonds (/AA/).

The maturities for the bonds have not yet been set.

Proceeds will be used to refund the hospital's series 2006C and 2008C bonds.

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