Rhode Island Health to price $74 million in revenue bonds Wednesday

By Sheri Kasprzak

New York, Oct. 29 - The Rhode Island Health and Educational Building Corp. is set to sell $74 million in series 2009E public schools revenue bond financing program revenue bonds, according to a preliminary official statement. The sale is scheduled for Wednesday.

The bonds (Aa2) will be sold through Merrill Lynch & Co. and Morgan Keegan & Co. Inc. The co-managers include Fidelity Capital Markets Inc., Janney Montgomery Scott LLC, Oppenheimer & Co. Inc., RBC Capital Markets Inc. and Roosevelt & Cross Inc.

The bonds are due 2012 to 2024 with term bonds due 2029 and 2034.

Proceeds will be used to fund the demolition, construction and equipment of two new middle schools in Woonsocket, R.I.

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