North Carolina Medical to sell $65 million bonds for Mission Health

By Sheri Kasprzak

New York, Feb. 3 - The North Carolina Medical Commission is expected to price $65 million in series 2010 health system revenue bonds for Mission Health Inc., according to a preliminary official statement.

The bonds (Aa3/AA/AA) will be sold on a negotiated basis with Bank of America Merrill Lynch as the senior manager. The co-managers are BB&T Capital Markets and Wells Fargo Securities Inc.

The bonds are due 2010 to 2025 with term bonds due 2030, 2035 and 2040.

Proceeds will be used to fund the construction of an outpatient cancer center, as well as the renovation of several other Mission Health buildings.

Mission Health is based in Asheville, N.C.

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