By Sheri Kasprzak
New York, April 26 - The Economic Development Authority of Norfolk, Va., priced $68.89 million of series 2012A hospital facilities revenue and refunding seven-month Window variable-rate demand bonds for Sentara Healthcare, said a pricing sheet.
The bonds (Aa2/P-1/AA/A-1+/) were sold through senior manager Citigroup Global Markets Inc.
The bonds are due Nov. 1, 2034, and bear interest at the Window interest rate plus 8 basis points.
Proceeds will be used to refund Sentara Healthcare's series 2004A-C and 2009A revenue bonds, which were originally used to construct, acquire, equip and install certain hospital facilities.
| Issuer: | Economic Development Authority of Norfolk, Va./Sentara Healthcare
|
| Issue: | Series 2012A hospital facilities revenue and refunding seven-month Window variable-rate demand bonds
|
| Amount: | $68.89 million
|
| Maturity: | Nov. 1, 2034
|
| Coupon: | Window interest rate plus 8 bps
|
| Price: | 100
|
| Type: | Negotiated
|
| Underwriters: | Citigroup Global Markets Inc. (lead)
|
| Ratings: | Moody's: Aa2/P-1
|
| Standard & Poor's: AA/A-1+
|
| Pricing date: | April 25
|
| Settlement date: | April 26
|
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