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Published on 8/25/2011 in the Prospect News Municipals Daily.

New Hanover County, N.C., to price $93.71 million hospital revenue refunding bonds

By Sheri Kasprzak

New York, Aug. 25 - New Hanover County, N.C., is expected to price $93.71 million of series 2011 hospital revenue refunding bonds for the New Hanover Regional Medical Center, according to a preliminary official statement.

The bonds (A1/A+/) will be sold on a negotiated basis with RBC Capital Markets LLC and Bank of America Merrill Lynch as the senior managers.

The bonds are due 2012 to 2025 with a term bond due in 2028.

Proceeds will be used to refund the medical center's series 1999 revenue bonds.


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