Ohio to sell $110 million revenue bonds for University Hospitals

By Cristal Cody

Tupelo, Miss., March 5 - Ohio plans to sell $110 million in revenue bonds for University Hospitals Health System, Inc., according to a preliminary official statement.

The series 2009A and 2009B hospital revenue bonds (A2/A/) will be sold through a negotiated sale led by senior manager Citigroup Global Markets Inc.

The co-managers are Merrill Lynch & Co., KeyBanc Capital Markets Inc. and NatCity Investments, Inc.

The proceeds will be used to finance projects for new hospital facilities, to pay or reimburse the corporation for capital equipment and to fund a debt service reserve fund.

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