Vanderbilt University Medical, Tenn., eyes $250 million bond offering

By Sheri Kasprzak

New York, March 9 – The Health and Educational Facilities Board of the Metropolitan Government of Nashville and Davidson County, Tenn., is set to price $250 million of series 2016B taxable revenue bonds for the Vanderbilt University Medical Center, according to a preliminary official statement.

The bonds (A3) will be sold on a negotiated basis with J.P. Morgan Securities LLC as the lead manager. The co-managers are Raymond James/Morgan Keegan, BofA Merrill Lynch and Barclays.

The maturity date has not been set.

Proceeds will be used to finance a long-term lease of properties owned by the university.

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