Maryland Health and Higher Educational Facilities Authority to sell $86.74 million revenue bonds

By Sheri Kasprzak

New York, Jan. 8 - The Maryland Health and Higher Educational Facilities Authority is expected to bring $86.74 million of series 2010 revenue bonds for Anne Arundel Health System on Wednesday, according to a sales calendar.

The bonds (A3/A-/A-) will be sold through Citigroup Global Markets Inc. and M&T Securities Inc.

The bonds are due 2011 to 2020, with term bonds due 2030, 2035 and 2040.

Proceeds will be used to finance and refinance construction projects at hospitals operated by Anne Arundel Health.

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