Bellin Announces $45 Million Bond Offering
Residents Able to Purchase Bonds, Help Finance Local Health System
Bellin Health today announced it will issue $45 million in double tax-exempt bonds beginning Thursday, March 19.
“As Green Bay’s only locally-owned hospital and health system, we understand the value of community involvement and support,” said George Kerwin, Bellin Health president and CEO. “We are pleased to offer this investment opportunity to the public as we proactively manage our resources as good stewards within the community.”
Community residents and other interested investors have the opportunity to purchase the bonds through PiperJaffray, the investment bank underwriting the offering. The proceeds from the sale of the bonds will be used to refinance debt previously issued in 2008.
Bonds will be offered subject to availability. Municipal bonds are not suitable for all investors, especially those in a lower tax bracket. Bonds are subject to market fluctuation and interest rate risks and may be worth more or less than the original cost if sold prior to maturity.