By Sheri Kasprzak
New York, Aug. 5 - Enloe Medical Center in California priced $68.915 million in series 2008A revenue bonds, said an official statement released Tuesday. The bonds were sold through the California Statewide Communities Development Authority.
The bonds (/A+/) were sold on a negotiated basis with Merrill Lynch as the senior manager.
The bonds are due from 2009 to 2020 with a term bond due 2023. The serial bonds have coupons from 5% to 5.375% and yields from 2.88% to 5.45%. The 2023 bonds have a 5.5% coupon to yield 5.66%.
Proceeds will be used for the construction of a new patient tower, emergency room and parking garage that meet seismic compliance standards.
Issuer: | Enloe Medical Center/California Statewide Communities Development Authority
|
Issue: | Series 2008A revenue bonds
|
Amount: | $68.915 million
|
Type: | Negotiated
|
Underwriter: | Merrill Lynch
|
Rating: | Standard & Poor's: A+
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Pricing date: | July 29
|
Settlement date: | Aug. 20
|
|
Maturity | Type | Coupon | Yield
|
2009 | Serial | 5% | 2.88%
|
2010 | Serial | 5% | 3.57%
|
2011 | Serial | 5% | 4.02%
|
2012 | Serial | 5.25% | 4.23%
|
2013 | Serial | 5.5% | 4.42%
|
2014 | Serial | 5.5% | 4.60%
|
2015 | Serial | 5.25% | 4.76%
|
2016 | Serial | 5.25% | 4.92%
|
2017 | Serial | 5% | 5.07%
|
2018 | Serial | 5.25% | 5.19%
|
2019 | Serial | 5.25% | 5.33%
|
2020 | Serial | 5.375% | 5.45%
|
2023 | Term | 5.5% | 5.66%
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