CHICAGO — Kalamazoo, Mich.-based Bronson Methodist Hospital next Tuesday is expected to enter the muni market with $200 million of mostly refunding bonds that will shift nearly all of its debt into a fixed-rate mode.

Part of the proceeds will also be used to pay the costs of terminating interest-rate swaps that have a total negative valuation of around $36 million. The system expects to pay up to $17 million to terminate two of the swaps and part of a third, said John Hanley, managing director at Ziegler Capital Markets, the hospital’s long-time underwriter.

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