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Sisters of Mercy Health System, Mo., to price $109.675 million variable-rate refunding revenue bonds
By Cristal Cody
Springdale, Ark., May 8 - The Sisters of Mercy Health System plans to price $109.675 million of variable-rate demand obligation refunding revenue bonds on May 21, a source said Thursday.
The series 2008A, B and C bonds (Aa2/VMIG1) will price through the Missouri State Health and Educational Facilities Authority.
The series 2008A and B bonds initially will price with a daily interest rate, and the series 2008C bonds initially will price with a weekly rate.
Bear, Stearns & Co. is the underwriter.
Proceeds will be used to refund the outstanding $108.9 million series 2004A, B and C auction-rate bonds.
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