By Cristal Cody
Springdale, Ark., April 16 - Children's Healthcare of Atlanta priced $200 million of refunding revenue anticipation certificates and bonds with a 1.85% initial weekly interest rate, the issuer said Wednesday.
The sale included $110 million series 2008B and $40 million series 2008C refunding revenue anticipation certificates and $50 million series 2008B refunding revenue bonds due July 1, 2039.
The certificates priced Monday through the DeKalb Private Hospital Authority, and the bonds priced through the Development Authority of Fulton County.
The bonds and certificates (Aa2/AA/) closed Tuesday, said Alan Gasiorek, chief investment officer for the medical center.
Citigroup Global Markets managed the negotiated sale, and SunTrust Robinson Humphrey was the co-manager.
Proceeds will be used to refund the hospital's series 2005A and 2005B revenue anticipation certificates and series 2005B revenue bonds.
| Issuer: | Children's Healthcare of Atlanta
|
| Issue: | Refunding revenue anticipation certificates and refunding revenue bonds
|
| Amount: | $200 million
|
| Type: | Negotiated
|
| Initial interest rate: | 1.85%
|
| Set: | Weekly
|
| Maturity: | July 1, 2039
|
| Underwriter: | Citigroup Global Markets (lead)
|
| Ratings: | Moody's: Aa2
|
| Standard & Poor's: AA
|
| Pricing date: | April 14
|
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