Woman's Hospital Foundation, La., set to sell $344.15 million bonds

By Sheri Kasprzak

New York, Jan. 12 - The Louisiana Local Government Environmental Facilities and Community Development Authority plans to price $344.15 million in series 2010 hospital revenue bonds for the Woman's Hospital Foundation, according to a preliminary official statement.

The sale includes $244.15 million in series 2010A bonds and $100 million in series 2010B gulf opportunity zone project revenue bonds.

The bonds (A3/BBB+/) will be sold on a negotiated basis with Bank of America Merrill Lynch as the senior manager and Morgan Keegan & Co. Inc. as the co-manager.

The 2010A bonds are due 2018 to 2020 with term bonds due 2025, 2030, 2040 and 2044. The 2010B bonds are due 2018 to 2020 with term bonds due 2025, 2030, 2040 and 2044.

Proceeds will be used to fund the construction of a five-story replacement hospital for Woman's Hospital in Baton Rouge, La.

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