By Sheri Kasprzak
New York, April 20 - The DeKalb County Hospital Authority sold $183.105 million in series 2010 revenue anticipation certificates for DeKalb Medical Center, according to a term sheet.
The certificates were sold through Raymond James & Associates Inc.
The bonds are due 2011 to 2015 with term bonds due 2020, 2030 and 2040. The serials have 3.5% to 4% coupons. The 2020 bonds have a 5.25% coupon, priced at 99.284. The 2030 bonds have a 6% coupon, priced at 98.948, and the 2040 bonds have a 6.125% coupon, priced at 98.298.
Proceeds will fund renovations to DeKalb Medical Center in Decatur, Ga.
The authority, based in Decatur, Ga., provides funding for hospitals in DeKalb County and the Atlanta metropolitan area.
| Issuer: | DeKalb County Hospital Authority/DeKalb Medical Center
|
| Issue: | Series 2010 revenue anticipation certificates
|
| Amount: | $183.105 million
|
| Type: | Negotiated
|
| Underwriter: | Raymond James & Associates Inc.
|
| Pricing date: | April 20
|
|
|
| Maturity | Type | Coupon | Price
|
| 2011 | Serial | 3.5% | 101.571
|
| 2012 | Serial | 3.5% | 101.677
|
| 2013 | Serial | 3.5% | 101.062
|
| 2014 | Serial | 4% | 101.505
|
| 2015 | Serial | 4% | 100.186
|
| 2020 | Term | 5.25% | 99.284
|
| 2030 | Term | 6% | 98.948
|
| 2040 | Term | 6.125% | 98.298
|
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