Rhode Island Health to sell $123.77 million bonds for Lifespan Tuesday

By Cristal Cody

Tupelo, Miss., March 12 - The Rhode Island Health and Educational Building Corp. plans to price $123.765 million in hospital financing revenue bonds for the Lifespan Obligated Group on Tuesday, a source told Prospect News.

The previously announced series 2009A term bonds are due in 2030 and 2039, according to a preliminary official statement.

Morgan Stanley & Co. Inc. is the senior manager of the negotiated sale.

The co-managers are Goldman, Sachs & Co. and Oppenheimer & Co., Inc.

The proceeds will be used to acquire, construct, renovate, expand and equip hospital and health care facilities.

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