By Chris Wack


The Kentucky Bond Development Corp. is offering $130.2 million in hospital revenue bonds with proceeds slated to support the Baptist Healthcare System.

The bonds are Hospital Revenue Bonds, City of Williamsburg Series 2025 A, according to documents posted Thursday on MuniOS.

Interest on the Series 2025 A bonds will be payable on each Feb. 15 and Aug. 15. The securities are special and limited obligations of the agency. Interest rates and yields haven't been set.

Proceeds will used for the financing, refinancing and reimbursement of new projects, and paying certain costs related to the issuance of the bonds.

Baptist Health owns and operates eight acute care hospitals in Kentucky, and one in Indiana.

Moody's assigned an A1 rating to the debt, and Fitch Ratings has them rated at A+.

BofA Securities is the lead manager on the sale.


Write to Chris Wack at chris.wack@wsj.com

(END) Dow Jones Newswires

01-24-25 1548ET