Franklin County, Ohio, offers $316.7 million of bonds for OhioHealth

By Sheri Kasprzak

New York, June 1 - Franklin County in Ohio is set to sell $316.7 million of series 2011 hospital facilities revenue and refunding bonds for OhioHealth Corp., said a preliminary official statement.

The offering includes $130 million of series 2011A revenue bonds, $62.23 million of series 2011B of refunding bonds, $62.235 million of series 2011C refunding bonds and $62.235 million of series 2011D refunding bonds.

The bonds will be sold on a negotiated basis with Barclays Capital Inc. as the sole underwriter.

The maturities have not been set.

Proceeds will be used to finance or refinance the construction, acquisition, equipment and improvement of existing health care system facilities, as well as to refund OhioHealth's series 2006 bonds.

Based in Columbus, Ohio, OhioHealth operates eight hospitals.

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