District of Columbia plans to price $245 million hospital revenue bonds for Children's Hospital

By Cristal Cody

Springdale, Ark., March 12 - The District of Columbia plans to price $245 million hospital revenue bonds for the Children's Hospital and Children's Hospital Foundation.

The series 2008 bonds (-/AAA/AAA) have serial maturities from 2014 through 2023 and term bonds due 2028, 2036 and 2045, according to a preliminary official statement released Tuesday.

Financial Security Assurance and Assured Guaranty will insure different maturities.

UBS Investment Bank is the underwriter.

Proceeds will be used to finance and reimburse the hospital for costs for constructing, equipping and renovating health facilities.

The pricing date could not be confirmed before press time.

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