Published on 4/9/2013 in the Prospect News Municipals Daily.
New Issue: CoxHealth, Missouri, brings $201.48 million of revenue bonds
By Sheri Kasprzak
New York, April 9 - The Missouri Health and Educational Facilities Authority sold $201,475,000 of series 2013A health facilities revenue bonds for CoxHealth, said a pricing sheet.
The bonds (A2//A) were sold through BofA Merrill Lynch and Oppenheimer & Co.
The bonds are due 2016 to 2028 with term bonds due in 2033, 2038, 2044 and 2048. The serial coupons range from 3% to 5%. The 2033 bonds have a 4% coupon priced at 99.028. The 2038 bonds have a 5% coupon priced at 108.643, and the 2044 bonds have a 5% coupon priced at 107.747. The 2048 bonds have a 5% coupon priced at 106.42.
Proceeds will be used to reimburse CoxHealth for the acquisition of certain Cox Branson facilities, as well as to current refund the authority's series 1998 and 2005 revenue bonds.
| Issuer: | Missouri Health and Educational Facilities Authority/CoxHealth
|
| Issue: | Series 2013A health facilities revenue bonds
|
| Amount: | $201,475,000
|
| Type: | Negotiated
|
| Underwriter: | BofA Merrill Lynch and Oppenheimer & Co.
|
| Ratings: | Moody's: A2
|
| Fitch: A
|
| Pricing date: | April 9
|
| Settlement date: | April 17
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $740,000 | 2016 | Serial | 3% | 107.011
|
| $1,325,000 | 2017 | Serial | 5% | 116.536
|
| $1.45 million | 2018 | Serial | 5% | 118.131
|
| $765,000 | 2019 | Serial | 3% | 107.026
|
| $1.59 million | 2020 | Serial | 5% | 119.829
|
| $1.62 million | 2021 | Serial | 5% | 120.046
|
| $1.76 million | 2022 | Serial | 5% | 119.855
|
| $1.85 million | 2023 | Serial | 5% | 120.018
|
| $575,000 | 2024 | Serial | 3% | 99.804
|
| $1.97 million | 2025 | Serial | 3.125% | 98.716
|
| $2,045,000 | 2026 | Serial | 5% | 115.653
|
| $2,135,000 | 2027 | Serial | 3.5% | 98.536
|
| $2.23 million | 2028 | Serial | 5% | 113.352
|
| $11.06 million | 2033 | Term | 4% | 99.028
|
| $16.28 million | 2038 | Term | 5% | 108.643
|
| $44.51 million | 2044 | Term | 5% | 107.747
|
| $109.57 million | 2048 | Term | 5% | 106.42
|
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