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Connecticut Health arranges $554.9 million sale of Yale New Haven debt
By Sheri Kasprzak
New York, May 27 - The Connecticut Health and Educational Facilities Authority is expected to price $554.9 million of series 2014 revenue bonds for Yale New Haven Health, said a preliminary official statement.
The deal includes $104 million of series 2014A bonds, $169 million of series 2014B bonds, $83,625,000 of series 2014C bonds, $108,275,000 of series 2014D bonds and $90 million of series 2014E bonds.
The bonds (//AA-) will be sold on a negotiated basis with Barclays as the senior manager and J.P. Morgan Securities LLC as the co-managers.
The maturities have not been set.
Proceeds will be used to construct, improve, renovate and equip the Yale-New Haven Hospital and Bridgeport Hospital, as well as to refund existing debt.
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