Ames, Iowa, to sell $65 million revenue bonds for Mary Greeley Medical

By Sheri Kasprzak

New York, Sept. 28 - The City of Ames, Iowa, is expected to come to market with $65 million of series 2011 hospital revenue bonds for the Mary Greeley Medical Center, according to a preliminary official statement.

The bonds (A2) 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 construct and equip a new energy plant, a six-story patient tower and a two-story extension to the hospital's existing west wing.

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