Indiana Finance Authority preps $55.75 million hospital revenue bonds

By Sheri Kasprzak

New York, Sept. 10 – The Indiana Finance Authority is expected to price $55.75 million of series 2014A hospital revenue bonds for Major Hospital, according to a preliminary official statement.

The bonds (Baa2//BBB+) will be sold on a negotiated basis with Piper Jaffray & Co. as the senior manager.

The maturities have not been set.

Proceeds will be used to finance the costs of constructing, acquiring, equipping and furnishing a replacement hospital for Major Hospital in Shelbyville, Ind.

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