Mayo Clinic mulls issuing $750 million in bonds to help pay for construction [Yahoo! Finance]
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Source: Yahoo! Finance
Mayo Clinic posted a notice on the Electronic Municipal Market Access website on Thursday about the possibility. EMMA is designated by the U. S. Securities and Exchange Commission as the official source for municipal securities data and disclosure documents. Investors use the site as a primary source of information about the bond market. "Notice is hereby given that Mayo Clinic is considering issuing, either directly or through one or more conduit issuers (an 'Issuer'), one or more series of bonds in the approximate amount of $750,000,000," wrote Mayo Clinic officials in the letter titled, "Notice of Potential Bond Issuance." If Mayo Clinic decides to issue the bonds, the notice stated that the money raised from the sale of the bonds would be used "to pay costs of construction, improvement, and equipping of certain health care facilities of Mayo Clinic located in the City of Rochester, Minnesota, including costs of issuing the Bonds." The letter did not specify if the money wou
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