Baptist Health, Ala., to issue $110.88 million series 2009A bonds

By Sheri Kasprzak

New York, April 13 - The Health Care Authority for Baptist Health in Alabama is expected to sell $110.88 million in series 2009A bonds, according to a preliminary official statement.

The bonds (Aa3/BBB+/) will be sold through lead manager Merchant Capital LLC.

The bonds are due May 15, 2036 and bear interest at the term rate mode.

Proceeds will be used to refund a bridge loan issued in 2008.

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