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Prospect News home > News index > List of issuers O > Headlines for OakBend Medical Center > News item
Published on 3/24/2008 in the Prospect News Municipals Daily.

OakBend Medical Center in Texas looks ahead to April to price $75 million variable-rate hospital bonds

By Cristal Cody

Springdale, Ark., March 24 - OakBend Medical Center in Richmond, Texas, plans to price $75 million variable-rate hospital bonds on April 1, a source told Prospect News.

The series 2008 bonds (A1/VMIG 1) initially will bear interest in a daily rate mode.

Morgan Keegan & Co. is the underwriter.

Proceeds will be used for new construction and to refund old debt.


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