Maryland Health to price $241.49 million in revenue bonds Wednesday

By Sheri Kasprzak

New York, Dec. 11 - The Maryland Health and Higher Educational Facilities Authority plans to price $241.49 million in series 2010 University of Maryland Medical System revenue bonds on Wednesday, according to a preliminary official statement.

The bonds (A2/A/A) will be sold on a negotiated basis with J.P. Morgan Securities Inc. and Merrill Lynch & Co. as the senior managers. The co-managers are BMO Capital Markets LLC, Loop Capital Markets LLC and M&T Securities Inc.

The bonds are due 2010 to 2019 with term bonds due 2024, 2029, 2034 and 2039.

Proceeds will be used fund additional facilities costs for the medical system.

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