Evangelical Lutheran, S.D., to sell $80 million of bonds Wednesday

By Sheri Kasprzak

New York, May 18 - The Evangelical Lutheran Good Samaritan Society in South Dakota is scheduled to bring to market $80 million in series 2009 health facilities revenue bonds on Wednesday, according to a calendar of upcoming deals.

The bonds (Aa3) will be sold on a negotiated basis with Citigroup Global Markets Inc. as the senior manager.

The bonds are due 2038.

Proceeds will be used to construct, equip and acquire a skilled nursing facility in Colorado, as well as to refund the society's outstanding 2004B bonds.

The society is a nursing and hospice care company based in Sioux Falls, S.D.

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