Ohio to price $100 million in revenue bonds for University Hospitals

By Sheri Kasprzak

New York, July 20 - The state of Ohio plans to price $100 million in series 2009B and series 2009C hospital revenue bonds for University Hospitals Health System Inc., said a preliminary official statement.

The bonds will be sold through lead managers Merrill Lynch & Co. Inc. and Citigroup Global Markets Inc. The co-managers include Edward Jones, KeyBanc Capital Markets Inc., NatCity Investments Inc. and Wells Fargo Brokerage Services LLC.

Neither the maturities, nor the breakdown of the series 2009B and 2009C bonds has been determined.

Proceeds will acquire, construct, install and equip hospital improvements, as well as to refund the hospital's series 2008B and 2008E bonds.

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