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Ohio prepares $97.84 million offering of University Hospitals bonds
By Sheri Kasprzak
New York, Nov. 12 - The State of Ohio plans to sell $97.84 million of series 2013A hospital revenue bonds for the University Hospitals Health System, according to a preliminary official statement.
The bonds (A2/A/) will be sold through senior managers BofA Merrill Lynch and Barclays. The co-managers are BB&T Capital Markets LLC, PNC Capital Markets LLC, the Huntington Investment Co. and Wells Fargo Securities LLC.
The maturities have not been set.
Proceeds will be used to refund the system's series 2008B, 2008D and 2008E revenue bonds.
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