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Louisiana Public Facilities to sell $150 million in bonds on Tuesday
By Sheri Kasprzak
New York, July 13 - The Louisiana Public Facilities Authority is expected to sell its previously announced $150 million in series 2009A hospital revenue bonds on Tuesday, said a sellside source close to the deal.
The bonds (A2/A+/) will be sold through senior manager Merrill Lynch & Co. Inc. The co-managers are J.P. Morgan Securities Inc., Banc of America Securities LLC and Morgan Stanley & Co.
A retail order period was conducted Monday.
Proceeds will be used to refurbish and equip Our Lady of Lourdes Regional Medical Center in Lafayette, La.
The Louisiana Public Facilities Authority is located in Baton Rouge, La.
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