Michigan State Hospital Finance to sell $83.98 million revenue bonds

By Sheri Kasprzak

New York, May 21 - The Michigan State Hospital Finance Authority plans to price $83.98 million in series 2009A hospital revenue bonds for MidMichigan Obligated Group, according to a preliminary official statement. Pricing is expected in June.

The bonds will be sold through RBC Capital Markets Corp. and Comerica Securities Inc.

The bonds will carry term maturities, but the exact maturities have not yet been set.

Proceeds will be used to construct a six-story patient tower, six new operating rooms, an energy plant and a cardiac catherization laboratory, as well as install a CT scanner and renovate existing operating rooms.

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