St. Francis Medical, Cape Girardeau, Mo., to sell $50 million bonds

By Sheri Kasprzak

New York, May 1 - The Industrial Development Authority of Cape Girardeau in Missouri is expected to price $50 million in series 2009A health facilities revenue bonds for St. Francis Medical Center, according to a preliminary official statement.

The bonds (/A+/AA-) will be sold on a negotiated basis with Piper Jaffray & Co. as the senior manager.

The bonds are due 2010 to 2019 with term bonds due 2024, 2029, 2034 and 2039.

Proceeds will be loaned to the medical center to construct new health facilities.

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