Indiana Finance set to sell $232.96 million bonds for Trinity Health

By Sheri Kasprzak

New York, Oct. 21 - The Indiana Finance Authority is set to sell $232.96 million in series 2009A revenue and refunding bonds for Trinity Health Credit Group, according to a preliminary official statement.

The bonds will be offered in two tranches, an A-1 tranche of fixed-rate bonds and an A-2 tranche of term-rate bonds.

The bonds (Aa2/AA/AA) will be sold on a negotiated basis with Goldman, Sachs & Co. and Merrill Lynch & Co. as the senior managers.

The maturities have not yet been set.

Proceeds will be used to fund Trinity Health projects, to redeem a portion of the group's commercial paper notes and to refund existing debt.

The authority is based in Indianapolis.

© 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.