Tucson to sell $60 million bonds for University Medical Center Thursday

By Sheri Kasprzak

New York, May 11 - The city of Tucson in Arizona is set to price $60 million in series 2009 revenue bonds for University Medical Center Corp. on Thursday, according to a calendar of upcoming deals.

The bonds (Baa1/BBB+/) will be sold through lead manager Merrill Lynch & Co. Inc. The issuer will conduct a retail order period Tuesday and Wednesday.

The bonds are due 2013 to 2019 with term bonds due 2024, 2029 and 2039.

Proceeds will be used to reimburse the medical corporation for costs related to constructing, equipping, acquiring and expanding health facilities, including the Diamond Children's Hospital.

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