Catholic Health Initiatives to sell $321.53 million bonds in Colorado, Kentucky, Ohio

By Sheri Kasprzak

New York, Oct. 16 - Catholic Health Initiatives is expected to bring to market $321.525 million in series 2009 revenue bonds through three entities, according to a preliminary official statement.

The offering includes $160 million in series 2009B revenue bonds through Colorado Health Facilities Authority, $60 million in series 2009B revenue bonds through Kentucky Economic Development Finance Authority and $101.525 million in series 2009B revenue bonds through Montgomery County, Ohio.

The bonds (Aa2/AA/AA) will be sold on a negotiated basis with Morgan Stanley & Co. Inc. and J.P. Morgan Securities Inc. as the lead managers.

The maturities have not been set.

Proceeds will be used to fund the construction, improvement and equipment of Catholic Health facilities in Colorado, Iowa, Kentucky, Nebraska, New Jersey and Ohio.

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