Puerto Rico authority to sell $103.23 million hospital revenue bonds

By Sheri Kasprzak

New York, March 17 - The Puerto Rico Industrial, Tourist, Educational, Medical and Environmental Control Facilities Financing Authority is expected to price $103.23 million of series 2011A hospital revenue and revenue refunding bonds, according to a preliminary official statement.

The bonds (/A-/) will be sold through senior managers J.P. Morgan Securities LLC and Morgan Stanley & Co. Inc. The co-managers are FirstBank Puerto Rico Securities and Popular Securities.

The bonds are due 2015 to 2021 with term bonds due 2026 and 2033.

Proceeds will refund existing hospital revenue bonds.

The San Juan-based authority provides funding for economic and industrial infrastructure projects.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.