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Winchester, Va., IDA to sell $75 million revenue bonds for Valley Health System Wednesday
By Sheri Kasprzak
New York, Nov. 30 - The Industrial Development Authority of the City of Winchester, Va., is expected to price $75 million in series 2009E hospital revenue bonds for the Valley Health System Obligated Group on Wednesday, according to an offering calendar.
The bonds (A1/A+/) will be sold through senior manager Merrill Lynch & Co.
The co-managers are BB&T Capital Markets, Edward Jones & Co. and Wells Fargo Securities Inc.
The bonds are due 2015 to 2019 with term bonds due 2024, 2034, 2039 and 2044.
Proceeds will be used to expand, improve and equip a four-story bed tower at the Winchester Medical Center, as well as to construct a new parking deck.
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