North Carolina Medical to sell $127.46 million Cape Fear Health bonds

By Cristal Cody

Tupelo, Miss., Sept. 10 - The North Carolina Medical Care Commission intends to sell $127.455 million revenue bonds (A3/A-/) for the Cape Fear Valley Health System, according to preliminary official statements.

The sale includes $82.455 million from the series 2008B revenue bonds, which will be sold in a negotiated sale managed by Citigroup Global Markets and BB&T Capital Markets.

Edward Jones will manage the negotiated sale of $45 million from the series 2008C bonds.

Proceeds will be used to refund the health system's outstanding series 2006B revenue bonds and acquire equipment.

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