By Cristal Cody
Springdale, Ark., Feb. 29 - Children's Healthcare of Atlanta priced $192.97 million variable-rate demand bonds and certificates with a 2.95% initial interest rate, the issuer said Friday.
The $72.965 million series 2008A revenue bonds are issued through the Development Authority of Fulton County. The $120 million 2008B revenue anticipation certificates are issued through the DeKalb Private Hospital Authority.
The bonds and certificates, which priced Thursday, reset every seven days, said Allan Gasiorek, chief investment officer of Children's Healthcare.
Citigroup Global Markets placed 65% of the sale, and SunTrust Robinson Humphrey placed the remaining 35%, he said.
Proceeds will be used to refund series 2005A and 2005C bonds and reimburse prior capital expenditures.
| Issuer: | Children's Healthcare of Atlanta
|
| Issue: | Revenue bonds and revenue anticipation certificates
|
| Type: | Negotiated
|
| Amount: | $192.97 million
|
| Initial rate: | 2.95%
|
| Set: | Weekly
|
| Maturity: | July 1, 2042 |
|
| Underwriter: | Citigroup Global Markets (lead)
|
| Ratings: | Moody's: Aa2
|
| S&P: AA
|
| Pricing date: | Feb. 28
|
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