Evangelical Lutheran society, S.D., to sell $80 million bonds Thursday

By Sheri Kasprzak

New York, May 20 - The Evangelical Lutheran Good Samaritan Society of South Dakota is set to price its previously announced $80 million in series 2009 health facilities revenue bonds on Thursday, said Tom Peterson, the society's chief investment officer.

The bonds (Aa3) will be sold through Citigroup Global Markets Inc.

The bonds are due 2038.

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

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