Michigan State Hospital Finance to sell $320 million bonds for Henry Ford Health Oct. 21

By Sheri Kasprzak

New York, Oct. 9 - The Michigan State Hospital Finance Authority plans to price $320 million in series 2009 hospital revenue and refunding bonds for Henry Ford Health Systems on Oct. 21, according to a preliminary official statement.

The bonds (A1/A/) will be sold through senior manager Citigroup Global Markets Inc.

The bonds are due 2010 to 2020 with term bonds.

Proceeds will be used to construct and equip a hospital facility in West Bloomfield, Mich., as well as to construct, expand and renovate the health system's main campus in Detroit.

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