Mayo Clinic, Minn., preps $300 million sale of taxable bonds due 2047

By Sheri Kasprzak

New York, Feb. 21 - The Mayo Clinic of Minnesota plans to sell $300 million of series 2013 taxable bonds, according to a preliminary official statement.

The bonds (Aa2/AA/) will be sold on a negotiated basis with BofA Merrill Lynch and Wells Fargo Securities LLC as the lead managers.

The bonds are due Nov. 15, 2047.

Proceeds will be used for eligible corporate purposes.

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