CHICAGO - Des Moines-based Iowa Health System enters the market today with nearly $250 million of variable-rate debt in five series with three letter of credit providers to raise $43 million for new projects and to refund $201 million of outstanding floating-rate debt insured by Ambac Assurance Corp.

The bonds are divided into five series - two of $55.3 million, one of $32 million, one of $59 million, and one of $43 million.

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