Frederick Memorial Hospital, Md., to price $73.6 million bonds July 9

By Sheri Kasprzak

New York, June 26 - Frederick Memorial Hospital in Maryland plans to sell $73.6 million in series 2008 revenue bonds on July 9, said a source at the issuer.

The bonds (Aaa/VMIG1//AA-/F1+) will be sold on a negotiated basis with Banc of America Securities LLC and BB&T Capital Markets as the underwriters.

The bonds will initially bear interest at the weekly rate and will be sold through the Maryland Health & Higher Educational Facilities Authority.

Proceeds will be used to refund the hospital's outstanding series 2006A and 2006B revenue bonds.

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