Monroeville Finance to sell $100 million U of Pittsburgh Medical bonds

By Sheri Kasprzak

New York, Sept. 18 - The Monroeville Finance Authority of Pennsylvania is set to sell $100 million of series 2013B revenue refunding bonds for the University of Pittsburgh Medical Center, according to a preliminary official statement.

The bonds (Aa3/A+/) will be sold on a negotiated basis with J.P. Morgan Securities LLC as the senior manager. The co-managers are RBC Capital Markets LLC, BofA Merrill Lynch, BNY Capital Markets LLC and The Huntington Investment Co.

The maturities have not been set.

Proceeds will be used to current refund the medical center's series 1998 and 2010 revenue bonds and advance refund its 2009 revenue bonds.

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