CHICAGO — The Rochester, Minn.-based Mayo Clinic plans to enter the market this spring to borrow roughly $200 million of new money for projects as part of the clinic’s plans to spend $700 million annually on capital improvements over the next five years.

Bank of America Merrill Lynch and Wells Fargo Securities would be underwriters on the transaction, which is planned for the next two months, said Mayo manager of treasury services Rick Haeflinger. Rochester is the conduit issuer.

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