New York City Health and Hospitals to sell $110.33 million of bonds

By Sheri Kasprzak

New York, March 7 - The New York City Health and Hospitals Corp. is set to price $110.33 million of series 2013A health system bonds, according to a preliminary official statement.

The bonds (Aa3/A+/A+) will be sold on a negotiated basis with Citigroup Global Markets Inc., J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC. The co-managers are Fidelity Capital Markets LLC, Goldman, Sachs & Co., Janney Montgomery Scott LLC, Lebenthal & Co., Loop Capital Markets LLC, M.R. Beal & Co., Raymond James/Morgan Keegan, RBC Capital Markets LLC, Rice Financial Products Co., Roosevelt & Cross Inc., Siebert Brandford Shank & Co. LLC, TD Securities (USA) LLC and Wells Fargo Securities LLC.

The maturities have not been set.

Proceeds will be used to refund the corporation's series 2003A and 2008A revenue bonds.

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