Saint Paul Housing, Minn., preps $150.08 million HealthEast Care bonds

By Sheri Kasprzak

New York, June 2 – The Saint Paul Housing and Redevelopment Authority of Minnesota is set to price $150.08 million of series 2015A hospital facility revenue bonds for the HealthEast Care System, according to a preliminary official statement.

The bonds (/BBB-/BBB-) will be sold on a negotiated basis with J.P. Morgan Securities LLC and BofA Merrill Lynch as the senior managers.

The bonds are due 2015 to 2030 with term bonds due in 2035, 2040 and 2044.

Proceeds will be used to finance capital improvements to the Woodwinds Hospital campus.

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