St. Joseph's Hospital, N.Y., organizes $69.67 million of revenue bonds

By Sheri Kasprzak

New York, April 3 - The Onondaga Civic Development Corp. of New York plans to price $69.67 million of series 2014A tax-exempt revenue bonds for the St. Joseph Hospital Health Center project, according to a preliminary official statement.

The bonds (Ba2/BB/) will be sold on a negotiated basis with Jefferies & Co. and M&T Securities Inc. as the senior managers.

The maturities have not been set.

Proceeds will be used to finance the construction of a co-generation plant on the hospital's campus, as well as to install other technology and other improvements.

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