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Allina Health System, Minn., to sell $229.78 million in revenue bonds
By Sheri Kasprzak
New York, Oct. 21 - Minneapolis and the Housing and Redevelopment Authority of the City of St. Paul are planning to price $229.775 million in series 2009A health care system revenue bonds for Allina Health System, according to a preliminary official statement.
The sale includes $114.08 million in series 2009A-1 bonds and $115.695 million in series 2009A-2 bonds.
The bonds (A1/A+/A+) will be sold through Goldman, Sachs & Co. The co-managers are J.P. Morgan Securities Inc., Wells Fargo Securities Inc. and Piper Jaffray & Co.
The maturities have not yet been set.
Proceeds will be used to construct, equip, acquire and renovate facilities operated by Allina Health. The rest will be used to refund existing debt.
Allina Health is based in Minneapolis.
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