Fairfax County Industrial Development offers $145 million Inova bonds

By Cristal Cody

Tupelo, Miss., Aug. 10 - Industrial Development Authority of Fairfax County, Va., plans to sell $145 million of health care revenue bonds for Inova Health System, according to a preliminary official statement.

The series 2012C bonds are due May 15, 2042.

Morgan Stanley & Co. LLC will manage the negotiated sale.

Proceeds will be used to finance hospital projects and to redeem outstanding bonds.

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