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St. Joseph's Hospital, N.Y., readies $143.71 million sale of bonds
By Sheri Kasprzak
New York, Aug. 31 - The Onondaga Civic Development Corp. of New York plans to price $143,705,000 of series 2012 tax-exempt bonds for the St. Joseph Hospital Health Center project, according to a preliminary official statement.
The bonds (Ba1/BB+/) will be sold on a negotiated basis with Jefferies & Co. as the underwriter.
The maturities have not been set.
Proceeds will be used to finance capital improvements to the hospital, as well as to refund the hospital's series 1997 revenue bonds.
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