Partners HealthCare, Mass., to make $15 million bids on F-2 bonds

By Wendy Van Sickle

Columbus, Ohio, July 7 – Partners HealthCare System, Inc. will make $15 million of bids on its $75 million series F-2 (2005) revenue bonds at a rate no less than Sifma, according to a notice.

The bonds were priced through Massachusetts Health and Educational Facilities Authority in 2005.

The bids will be made at auctions on Thursday.

Recent auction

At the auction of the F-2 bonds on July 2, there were eight bids for a total of $76,055,000.

The clearing rate was 0.67%. The high bid was 0.7%, the low was 0.29%, and the median was 0.30%. The amount of securities for sale was $2,055,000.

Partners said it hopes to obtain a lower interest rate on the bonds through the bid procedure.

Partners HealthCare is a Boston-based operator of acute-care and specialty hospitals. The authority, also based in Boston, provides financing to the state’s nonprofit organizations.

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