New Issue: Colorado Health offers up $112.81 million of Covenant Retirement bonds

By Sheri Kasprzak

New York, March 12 – The Colorado Health Facilities Authority sold $112,805,000 of series 2015A revenue refunding bonds for the Covenant Retirement Communities Inc., according to a pricing sheet.

The bonds (//BBB+) were sold through senior manager B.C. Ziegler & Co.

The bonds are due 2015 to 2030 with a term bond due in 2035. The serial coupons range from 1% to 5%. The 2035 bonds have a 5% coupon priced at 107.414.

Proceeds will be used to advance refund the authority’s series 2005 revenue bonds issued for the corporation.

Issuer:	Colorado Health Facilities Authority/Covenant Retirement Communities Inc.
Issue:	Series 2015A revenue refunding bonds
Amount:	$112,805,000
Type:	Negotiated
Underwriter:	B.C. Ziegler & Co.
Rating:	Fitch: BBB+
Pricing date:	March 12
Settlement date:	April 2
Amount	Maturity	Type	Coupon	Price
$2,045,000	2015	Serial	1%	100.245
$4,455,000	2016	Serial	2%	101.579
$4.43 million	2017	Serial	3%	103.981
$4,415,000	2018	Serial	4%	107.286
$4.14 million	2019	Serial	4%	107.567
$4,145,000	2020	Serial	5%	112.617
$4,185,000	2021	Serial	5%	113.156
$3,715,000	2022	Serial	5%	112.796
$3,865,000	2023	Serial	5%	112.796
$3.9 million	2024	Serial	5%	112.292
$1 million	2025	Serial	3.5%	97.816
$2,745,000	2025	Serial	5%	111.463
$3.89 million	2026	Serial	5%	110.745
$4 million	2027	Serial	5%	109.768
$4,105,000	2028	Serial	5%	108.977
$1 million	2029	Serial	4%	97.288
$3,205,000	2029	Serial	5%	108.802
$4.3 million	2030	Serial	5%	108.279
$49,265,000	2035	Term	5%	107.414

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