Kentucky Economic Development to sell $101.85 million bonds for St. Elizabeth Medical

By Sheri Kasprzak

New York, Nov. 9 - The Kentucky Economic Development Finance Authority is set to price $101.85 million in series 2009A hospital facilities revenue refunding and improvement bonds for the St. Elizabeth Medical Center, according to a preliminary official statement.

The bonds (/AA-/AA-) will be sold through senior managers J.P. Morgan Securities Inc. and Fifth Third Securities Inc.

The bonds are due 2010 to 2019 with term bonds due 2024, 2029, 2034 and 2039.

Proceeds will be used to refund the medical center's series 2003A and 2003B bonds, as well as to fund capital improvements to the medical center.

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