New York City Health and Hospitals Corporation
|FOR IMMEDIATE RELEASE
October 4, 2010
Announces Upcoming Bond Sale
New York, NY - New York City Health and Hospitals Corporation (HHC) announced today the details of its upcoming fixed-rate Bond sale.
HHC intends to sell up to $225 million of fixed-rate bonds for ongoing capital projects as Build America Bonds and/or tax-exempt bonds on Tuesday, October 19, 2010. In addition, HHC intends to issue fixed-rate tax-exempt refunding bonds to refinance a portion of its outstanding Bonds for interest rate savings.
The Bonds will have a pre-sale retail order period on Monday, October 18, 2010. J.P. Morgan will serve as book-running senior manager on the fixed-rate bond sale, with Citi and Morgan Stanley serving as co-senior managers.
The New York City Health and Hospitals Corporation (HHC) is a $6.7 billion integrated health care delivery system with its own 385,000 member health plan, MetroPlus, and is the largest municipal health care organization in the country. HHC serves 1.3 million New Yorkers every year and more than 450,000 are uninsured. HHC provides medical, mental health and substance abuse services through its 11 acute care hospitals, four skilled nursing facilities, six large diagnostic and treatment centers and more than 80 community based clinics. HHC Health and Home Care also provides in-home services for New Yorkers. HHC was the 2008 recipient of the National Quality Forum and The Joint Commissions John M. Eisenberg Award for Innovation in Patient Safety and Quality. For more information, visit www.nyc.gov/hhc.
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