Maryland Health and Higher Educational Facilities to sell $169.66 million of bonds

By Cristal Cody

Prospect News, July 23 - The Maryland Health and Higher Educational Facilities plans to sell $169,655,000 of revenue bonds (Aa3/AA-/AA-) for Johns Hopkins Health System Obligated Group, according to a preliminary official statement.

The offering includes $84,605,000 of series 2012C bonds and $85,050,000 of series 2012D bonds.

The bonds will price with an index floating-rate mode.

J.P. Morgan Securities LLC and Goldman Sachs & Co. are the managers of the negotiated sale.

Proceeds will be used to refund outstanding bonds.

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