Royal Oak Hospital, Mich., to price $272.63 million bonds Tuesday for William Beaumont Hospital

By Sheri Kasprzak

New York, Nov. 19 - The Royal Oak Hospital Authority of Michigan is expected to price $272.625 million in series 2009W hospital revenue and refunding bonds for William Beaumont Hospital on Tuesday, according to a sales calendar. A retail order period will be conducted Monday.

The bonds (A1//A-) will be sold through senior manager Morgan Stanley & Co.

Proceeds will be used to refund the hospital's series 2001 and 2003 auction-rate securities, as well as to provide capital for improvements.

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