Ascension Health, Mich., plans to sell $1.35 billion revenue bonds

By Sheri Kasprzak

New York, March 3 - Ascension Health Group of Michigan is expected to bring to market $1,345,920,000 in series 2010 revenue bonds, according to preliminary official statements.

The offering includes $670.53 million in series 2010 fixed-rate bonds and $675.39 million in series 2010 variable-rate bonds.

Both bonds will be sold through Morgan Stanley & Co. Inc. and Citigroup Global Markets Inc.

The maturities have not been set.

Proceeds will be used to reimburse the health group for improvements and repairs to Ascension facilities.

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