Ohio set to sell $100 million bonds for University Hospitals Tuesday

By Sheri Kasprzak

New York, Jan. 29 - The State of Ohio is expected to price $100 million in series 2010A-B hospital revenue bonds for University Hospitals Health System Inc. on Tuesday, according to a calendar of upcoming sales.

The bonds (A2) will be sold through Bank of America Merrill Lynch and Citigroup Global Markets Inc. The co-managers are Edward Jones & Co., KeyBanc Capital Markets Inc., PNC Capital Markets LLC and Wells Fargo Securities Inc.

Proceeds will be used to fund the construction, renovation, equipment and acquisition of hospital facilities and refund a portion of the health system's series 2008A-E bonds.

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