Kentucky Economic Development Finance preps $158.16 million sale of bonds for Catholic Health

By Sheri Kasprzak

New York, Nov. 2 - The Kentucky Economic Development Finance Authority is set to sell $158.155 million of series 2011B revenue bonds for the Catholic Health Initiatives, according to a preliminary official statement.

The deal includes $52.72 million of series 2011B-1 bonds, $52.72 million of series 2011B-2 bonds and $52.715 million of series 2011B-3 bonds.

The bonds are due on Feb. 1, 2046.

The bonds (Aa2/AA/AA) will be sold on a negotiated basis. J.P. Morgan Securities LLC is the manager for the 2011B-1 bonds, and Morgan Stanley & Co. LLC is the underwriter for the 2011B-2 bonds. Citigroup Global Markets Inc. is the underwriter for the 2011B-3 bonds.

Proceeds will be used to fund the construction, acquisition, equipment, renovation and restoration of Catholic Health facilities in Kentucky.

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