Yale-New Haven Hospital in Connecticut to sell $100 million of bonds

By Cristal Cody

Tupelo, Miss., Dec. 8 - The State of Connecticut Health and Educational Facilities Authority intends to sell $100 million of revenue bonds for Yale-New Haven Hospital, according to a preliminary official statement.

The series M bonds (Aa3/A+/) have serial maturities from 2011 through 2025 and term bonds due 2030 and 2040.

Barclays Capital Inc. is the lead manager. J.P. Morgan Securities LLC and Morgan Stanley & Co. Inc. are co-managers.

Proceeds will be used to finance and reimburse the costs of the expansion of the adult emergency department, the acquisition of equipment and improvements to the hospital.

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