
                         Roanoke Times
                 Copyright (c) 1995, Landmark Communications, Inc.

DATE: TUESDAY, May 11, 1993                   TAG: 9305110081
SECTION: BUSINESS                    PAGE: B6   EDITION: METRO 
SOURCE: 
DATELINE:                                 LENGTH: Short

CARILION BOND SALE SAVES $2.2 MILLION

Carilion Health System saved $2.2 million - about $200,000 more than expected - from the sale of tax-exempt industrial revenue bonds last week, the hospital company's vice president, Robert Tonkinson, said Monday.

Roanoke-based Carilion ended up refinancing $60.1 million for improvements at four hospitals. Its original plan was to sell $57.5 million in bonds. The bonds were sold last week through J.P. Morgan Securities of New York. NationsBank; Crestar; Scott & Stringfellow; and Wheat, First Securities participated through their Virginia offices. - Staff report

by CNB