Greenville Hospital, S.C., to sell $271.5 million variable-rate bonds

By Cristal Cody

Springdale, Ark., Aug. 12 - The Greenville Hospital System in South Carolina expects to price $271.5 million variable-rate revenue bonds on Aug. 18, a market source said Tuesday.

The $60.615 million series 2008B, $61.22 million series 2008C, $59.605 million series 2008D and $90.095 million series 2008E bonds (Aa3) will price through the Greenville Hospital System Board of Trustees.

Citigroup Global Markets is the senior manager of the negotiated sale. Co-managers are SunTrust Robinson Humphrey, Banc of America Securities LLC and Wachovia Securities.

Proceeds will be used to refund the series 2003A, 2003B, 2005A, 2005B and 2005C bonds.

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