Published on 4/25/2013 in the Prospect News Municipals Daily.
New Issue: Lowell General Hospital, Mass., prices $61 million revenue bonds
By Sheri Kasprzak
New York, April 25 - The Massachusetts Development Finance Agency sold $61,005,000 of series 2013G revenue bonds for the Lowell General Hospital, according to a pricing sheet.
The bonds (/BBB+/BBB+) were sold through Ziegler Capital Inc.
The bonds are due in 2037 and 2044. The 2037 bonds have a 5% coupon priced at 108.542, and the 2044 bonds have a 5% coupon priced at 107.415.
Proceeds will be used to redeem refunded bonds.
| Issuer: | Massachusetts Development Finance Agency/Lowell General Hospital
|
| Issue: | Series 2013G revenue bonds
|
| Amount: | $61,005,000
|
| Type: | Negotiated
|
| Underwriter: | Ziegler Capital Inc. (lead)
|
| Ratings: | Standard & Poor's: BBB+
|
| Fitch: BBB+
|
| Pricing date: | April 25
|
| Settlement date: | May 7
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $14.17 million | 2037 | Term | 5% | 108.542
|
| $46,835,000 | 2044 | Term | 5% | 107.415
|
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