District of Columbia to sell $104.22 million Association of American Medical Colleges bonds

By Sheri Kasprzak

New York, Oct. 6 - The District of Columbia is poised to price $104.215 million of series 2011B revenue bonds for the Association of American Medical Colleges, according to a preliminary official statement.

The bonds (/A+/A) will be sold on a negotiated basis with Bank of America Merrill Lynch as the senior manager. The co-managers are Citigroup Global Markets Inc. and J.P. Morgan Securities LLC.

The bonds are due 2015 to 2031 with term bonds due in 2036 and 2041.

Proceeds will be used to construct, acquire, equip and furnish a building to house the association's executive offices, member programs, application and testing facilities, information technology and administrative support space.

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