University of Colorado Hospital delays sale of $92.45 million revenue bonds

By Cristal Cody

Springdale, Ark., June 18 - The University of Colorado Hospital Authority pushed back the sale of $92.45 million revenue bonds by a week to June 25, the issuer said Wednesday.

The pricing of the $19.14 million series 2008A bonds and $73.31 million series 2008B bonds was delayed over a swap that is part of the refinancing, said James Wilson, finance analyst.

The bonds will price with an initial weekly interest rate.

The series 2008A bonds are due Nov. 15, 2024, and the series 2008B bonds are due Nov. 15, 2031.

Citigroup Global Markets is the manager of the negotiated sale.

Proceeds will be used to refund the $72.41 million series 2007A refunding revenue bonds and to finance equipment at the University of Colorado Health Sciences Center's Fitzsimons Campus.

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