DALLAS — Banner Health, one of the largest nonprofit hospital operators in the nation, is issuing $252 million of taxable and tax-exempt revenue bonds this week, with the proceeds covering expansion of a Phoenix hospital, along with refunding of commercial paper and long-term debt.

The bonds will be issued through the conduit Arizona Health Facilities Authority and will be priced Wednesday and Thursday through negotiation with Bank of America Merrill Lynch and Morgan Stanley.

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