Maimonides Medical Center, N.Y., prepares $100.54 million sale of taxable revenue bonds

By Sheri Kasprzak

New York, Feb. 22 - The Maimonides Medical Center of New York plans to price $100,535,000 of series 2013 Government National Mortgage Association taxable revenue bonds, according to a preliminary official statement.

The bonds (Aaa/AA+/) will be sold on a negotiated basis with BofA Merrill Lynch as the senior manager.

The bonds are due March 20, 2032.

Proceeds will be used to acquire certain GNMA securities.

The medical center is located in Brooklyn, N.Y.

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