Hawaii plans to sell $61.86 million revenue bonds for Hawaii Pacific

By Sheri Kasprzak

New York, June 28 - The Department of Budget and Finance of the State of Hawaii plans to price $61.86 million in series 2010B special purpose revenue bonds for Hawaii Pacific Health Obligated Group, according to a preliminary official statement.

The bonds (A3/BBB+/) will be sold on a negotiated basis with Morgan Stanley & Co. Inc. and J.P. Morgan Securities Inc. as the senior managers.

The maturities have not been set.

Proceeds will be used to finance the costs of constructing, improving and equipping Hawaii Pacific facilities.

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