By Sheri Kasprzak
New York, Nov. 21 – The Hospital Authority of Hall County and Gainesville, Ga., sold $206,925,000 of series 2014A revenue anticipation certificates for the Northeast Georgia Health System Inc., said an official statement.
The bonds (/AA-/AA-) were sold through BofA Merrill Lynch.
The bonds are due Aug. 15, 2046, Aug. 15, 2049 and Aug. 15, 2054.
The 2046 bonds have a 4% coupon priced at 96.85 to yield 4.18%, and the 2049 bonds have a 5.25% coupon priced at 110.802 to yield 3.95%. The 2054 bonds have a 5.5% coupon priced at 112.256 to yield 4.02%.
Proceeds will be used to finance the construction, acquisition and renovation of the health system’s facilities as well as to refund its series 2010B and 2012 certificates.
| Issuer: | Hospital Authority of Hall County and Gainesville, Ga./Northeast Georgia Health System Inc.
|
| Issue: | Series 2014A revenue anticipation certificates
|
| Amount: | $206,925,000
|
| Type: | Negotiated
|
| Underwriter: | BofA Merrill Lynch
|
| Ratings: | Standard & Poor’s: AA-
|
| Fitch: AA-
|
| Pricing date: | Nov. 14
|
| Settlement date: | Dec. 11
|
|
|
| Amount | Maturity | Type | Coupon | Price | Yield
|
| $27.5 million | Aug.15, 2046 | Term | 4% | 96.85 | 4.18%
|
| $60,375,000 | Aug. 15, 2049 | Term | 5.25% | 110.802 | 3.95%
|
| $119.05 million | Aug. 15, 2054 | Term | 5.5% | 112.256 | 4.02%
|
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