Louisiana foundation to bring $344.15 million Woman's Hospital bonds Thursday

By Sheri Kasprzak

New York, Jan. 14 - The Louisiana Local Government Environmental Facilities and Community Development Foundation is expected to sell $344.15 million in series 2010 hospital revenue bonds for Woman's Hospital on Thursday, according to a sales calendar.

The offering includes $244.15 million in series 2010A bonds and $100 million in series 2010B gulf opportunity zone project revenue bonds.

The bonds (A3/BBB+/) will be sold through Bank of America Merrill Lynch. The co-manager is Morgan Keegan & Co. Inc.

The 2010A bonds are due 2018 to 2020 with term bonds due 2025, 2030, 2040 and 2044. The 2010B bonds are due 2040 and 2044.

Proceeds will be used to construct a five-story replacement hospital for Woman's Hospital in Baton Rouge.

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