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University of Pittsburgh to sell $400 million bonds for Medical Center on May 20
By Sheri Kasprzak
New York, May 11 - The University of Pittsburgh plans to price $400 million in series 2009A tax-exempt fixed-rate bonds for the University of Pittsburgh Medical Center on Wednesday, May 20, said a notice of sale released Monday.
A retail order period will be conducted on May 18 and May 19.
The bonds will be sold on a negotiated basis with RBC Capital Markets Inc., BNY Mellon Capital Markets, PNC Capital Markets and J.P. Morgan Securities Inc. as the underwriters.
The bonds are due 2010 to 2024 with term bonds due 2029, 2034 and 2039.
Proceeds will be used to fund capital projects at the medical center and its subsidiary hospitals.
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