By Sheri Kasprzak
New York, March 29 - The Collier County Industrial Development Authority of Florida sold $104.425 million of series 2011 health care facilities revenue bonds for NCH Healthcare System, according to a pricing sheet.
The bonds were sold through Morgan Stanley & Co. Inc. with Merrill Lynch, Citigroup Global Markets Inc. and J.P. Morgan Securities LLC as the co-managers.
The bonds are due 2012 to 2022 with term bonds due in 2026, 2031 and 2039. The serial coupons range from 3% to 5%. The 2026 bonds have a 5.5% coupon priced at 98.464, and the 2031 bonds have a 6% coupon priced at 98.036. The 2039 bonds have a 6.25% coupon priced at 98.043.
Proceeds will be used to finance or refinance the costs of acquiring, constructing and renovating NCH facilities, as well as to refund the health care system's series 1993 and/or 1996 bonds.
| Issuer: | Collier County Industrial Development Authority/NCH Healthcare System
|
| Issue: | Series 2011 health care facilities revenue bonds
|
| Amount: | $104.425 million
|
| Type: | Negotiated
|
| Underwriters: | Morgan Stanley & Co. Inc. (lead), Merrill Lynch, Citigroup Global Markets Inc., J.P. Morgan Securities LLC (co-managers)
|
| Pricing date: | March 29
|
| Settlement date: | April 14
|
|
|
| Maturity | Type | Coupon | Price
|
| 2012 | Serial | 3% | 101.798
|
| 2013 | Serial | 4% | 104.048
|
| 2014 | Serial | 5% | 107.076
|
| 2015 | Serial | 4% | 102.714
|
| 2016 | Serial | 5% | 106.274
|
| 2017 | Serial | 5% | 105.179
|
| 2018 | Serial | 4.375% | 99.903
|
| 2019 | Serial | 4.5% | 99.027
|
| 2020 | Serial | 5% | 100.974
|
| 2021 | Serial | 5% | 100
|
| 2022 | Serial | 5% | 98.711
|
| 2026 | Serial | 5.5% | 98.464
|
| 2031 | Term | 6% | 98.036
|
| 2039 | Term | 6.25% | 98.043
|
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