Kansas Development Finance to sell $100 million of bonds for KU Health

By Sheri Kasprzak

New York, Oct. 3 - The Kansas Development Finance Authority plans to bring $100 million of series 2011H health facilities revenue bonds for the KU Health System, according to a preliminary official statement.

The bonds (A+/A+) will be sold on a negotiated basis with Piper Jaffray & Co. as the senior manager.

The bonds are due 2017 to 2031 with a term bond due in 2039.

Proceeds will be used to construct a three-floor addition to the health system's existing three-story heart care center, construct a medical office building and purchase equipment.

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