Rhode Island Health and Educational Building plans to price $92.27 million revenue bonds Wednesday

By Cristal Cody

Springdale, Ark., May 5 - The Rhode Island Health and Educational Building Corp. expects to price $92.27 million revenue bonds on Wednesday, a source told Prospect News.

The series 2008A bonds have serial maturities from 2009 through 2029.

The bonds are a pooled issue that includes the Bristol Warren Regional School District, the Foster-Glocester Regional School District and the towns of Cumberland, North Smithfield and Portsmouth.

The bonds are insured by Financial Security Assurance.

Merrill Lynch & Co. is the senior manager of the negotiated sale. UBS Investment Bank, Banc of America Securities LLC, Oppenheimer & Co. and Roosevelt & Cross Inc. are co-managers.

Proceeds will finance projects in the school districts and towns.

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