CHICAGO - Columbus-based Nationwide Children's Hospital will enter the market today with roughly $177 million of variable-rate revenue bonds, including $45 million of new money with the balance going to refund problematic variable- and auction-rate debt.

Today's deal is one of three transactions totaling about $290 million that the hospital has undertaken to help fund an $800 million capital campaign and at the same time get out of much of its insured floating-rate debt. Last week it sold $45 million of new-money fixed-rate revenue bonds.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.