Duke University Health system to price $180 million in revenue bonds

By Sheri Kasprzak

New York, Oct. 5 - The North Carolina Medical Commission plans to price $180 million in series 2009A health care facilities revenue bonds for the Duke University Health System, according to a preliminary official statement.

The bonds (Aa2/AA/AA) will be sold on a negotiate basis with Citigroup Global Markets Inc. as the lead manager. The co-managers include J.P. Morgan Securities Inc., Merrill Lynch & Co. Inc., SunTrust Robinson Humphrey and Wells Fargo Securities Inc.

The bonds are due 2030, 2034, 2039 and 2042.

Proceeds will be used to construct, acquire, equip, expand and renovate health care facilities operated by the health system.

Duke University is based in Durham, N.C.

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