Wisconsin Health offers $95 million revenue bonds for Ministry Health

By Sheri Kasprzak

New York, Jan. 20 - The Wisconsin Health and Educational Facilities Authority plans to sell $95 million in series 2009A variable-rate revenue bonds for Ministry Health Care Inc., according to a preliminary official statement.

The bonds (/AAA/A-1+/) will be sold on a negotiated basis with Merrill Lynch & Co. as the lead manager.

The bonds are due Aug. 1, 2029 and will initially bear interest at the unit pricing mode. While in a unit pricing, daily or weekly mode, the bonds will be backed by a letter of credit from U.S. Bank NA.

Proceeds will be used to repay outstanding debt.

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