South Carolina Authority Selling $428M for Medical University

DeSue, Tedra
December 2004
Bond Buyer;12/8/2004, Vol. 350 Issue 32025, p44
Trade Publication
The article focuses on the Medical University Hospital Authority in Atlanta, Georgia which will sell about $428 million of hospital bonds for the Medical University of South Carolina as the teaching hospital embarks on a multi-phase renovation at its Charleston campus. The deal has been carefully structured to minimize borrowing costs because it will dramatically increase the authority's outstanding debt and officials realized that could give some investors pause. Banc of America Securities is the bookrunner for the offering. Moody's Investors Service Inc. and Standard & Poor's Corp. last year changed their outlooks for the credit to negative from stable upon learning how much debt could be sold.


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