Cleveland Clinic Health, Ohio, arranges $96 million revenue bond sale

By Sheri Kasprzak

New York, May 9 - The State of Ohio plans to price $96 million of series 2013A hospital revenue bonds for the Cleveland Clinic Health Obligated Group, according to a preliminary official statement.

The bonds (Aa2/AA-/) will be sold on a negotiated basis with J.P. Morgan Securities LLC as the senior manager. The co-managers are PNC Capital Markets LLC, Wells Fargo Securities LLC, US Bancorp Investments Inc. and BNY Mellon Capital Markets LLC.

The maturities have not been set.

Proceeds will be used to construct, renovate, improve and acquire Cleveland Clinic facilities.

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