Ascension Health Group, Mich., to price $1.35 billion revenue bonds

By Sheri Kasprzak

New York, March 8 - The Ascension Health Group of Michigan is expected to sell $1,345,920,000 of series 2010 revenue bonds on Wednesday, said a sales calendar.

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

Morgan Stanley & Co. Inc. and Citigroup Global Markets Inc. are the senior managers.

The proceeds will be used to reimburse the health group for a variety of improvements and repairs to Ascension facilities.

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