Rapid City-based Regional Health is set to enter the market Thursday with $67.5 million of variable-rate demand bonds, most of which will be used to refund insured variable-rate debt originally sold in 2003.

The issue includes about $7 million of new money that will be used to finance various capital projects across the system. Most of the rest of the issue will be used to refund variable-rate demand bonds that were insured by MBIA Insurance Corp., which has lost its triple-A status.

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.