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OakBend Medical Center in Texas looks ahead to April to price $75 million variable-rate hospital bonds
By Cristal Cody
Springdale, Ark., March 24 - OakBend Medical Center in Richmond, Texas, plans to price $75 million variable-rate hospital bonds on April 1, a source told Prospect News.
The series 2008 bonds (A1/VMIG 1) initially will bear interest in a daily rate mode.
Morgan Keegan & Co. is the underwriter.
Proceeds will be used for new construction and to refund old debt.
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