Hawaii Pacific Health intends to sell $100 million revenue bonds

By Sheri Kasprzak

New York, May 18 - The Hawaii Pacific Health Obligated Group is set to price $100 million in series 2010A special purpose revenue bonds, according to a preliminary official statement. The bonds are expected to price the week of May 24.

The bonds (A3/BBB+/) will be sold through Morgan Stanley & Co. Inc. The co-manager is J.P. Morgan Securities Inc.

The maturities have not been set.

Proceeds will be used to refund the obligated group's series 2005A and 2009A bonds.

The obligated group, which is based in Honolulu, operates the Kapi'olani Medical Center for Women and Children and its related organizations.

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