Minneapolis orchestrates $116.8 million offering of health care bonds

By Sheri Kasprzak

New York, July 29 – The City of Minneapolis, Minn., plans to price $116,805,000 of series 2015A health care system revenue bonds for Fairview Health Services, according to a preliminary official statement.

The bonds (A2/A+/) will be sold on a negotiated basis with Citigroup Global Markets Inc. and RBC Capital Markets LLC as the senior managers.

The maturities have not been set.

Proceeds will be used to construct, equip, acquire and improve facilities at the University of Minnesota Medical Center and to refund the health service’s series 1997, 2000, 2002 and 2005 revenue bonds.

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