Published on 5/16/2012 in the Prospect News Municipals Daily.
New Issue: Colorado Health Facilities brings $169.96 million of Evangelical Lutheran revenue bonds
By Sheri Kasprzak
New York, May 16 - The Colorado Health Facilities Authority sold $169,955,000 of series 2012 health facilities revenue bonds for Evangelical Lutheran Good Samaritan Society, said a pricing sheet.
The bonds (A3/A-/) were sold through senior managers Citigroup Global Markets Inc. and Herbert J. Sims & Co.
The bonds are due 2012 to 2027 with term bonds due in 2033 and 2042. The serial coupons range from 2% to 5%. The 2033 bonds have a 5% coupon priced at 108.583, and the 2042 bonds have a 5% coupon priced at 105.675.
Proceeds will be used to refund the authority's series 2009A, 2002 and 2000 bonds issued for the society; series 2002, 2000, 1998 and 1997 Minnesota Agricultural and Economic Development Board bonds for the society; series 1998A Sioux Falls, S.D., bonds for the society; series 1998 Minneapolis, Minn., bonds for the society; and series 1998 Weld County, Colo., bonds for the society.
| Issuer: | Colorado Health Facilities Authority/Evangelical Lutheran Good Samaritan Society
|
| Issue: | Series 2012 health facilities revenue bonds
|
| Amount: | $169,955,000
|
| Type: | Negotiated
|
| Underwriters: | Citigroup Global Markets Inc. and Herbert J. Sims & Co. (lead)
|
| Ratings: | Moody's: A3
|
| Standard & Poor's: A-
|
| Pricing date: | May 16
|
| Settlement date: | May 23
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $770,000 | 2012 | Serial | 2% | 100.519
|
| $460,000 | 2013 | Serial | 3% | 102.584
|
| $475,000 | 2014 | Serial | 3% | 103.497
|
| $490,000 | 2015 | Serial | 3% | 104.007
|
| $505,000 | 2016 | Serial | 4% | 108.425
|
| $515,000 | 2017 | Serial | 4% | 108.606
|
| $540,000 | 2018 | Serial | 4% | 108.223
|
| $555,000 | 2019 | Serial | 4% | 107.315
|
| $580,000 | 2020 | Serial | 4% | 106.309
|
| $635,000 | 2021 | Serial | 4% | 105.344
|
| $1.94 million | 2022 | Serial | 5% | 112.587
|
| $2 million | 2023 | Serial | 5% | 111.334
|
| $2.11 million | 2024 | Serial | 5% | 110.274
|
| $2.19 million | 2025 | Serial | 5% | 109.399
|
| $4,405,000 | 2026 | Serial | 4% | 98.375
|
| $4.58 million | 2027 | Serial | 4% | 97.179
|
| $30.89 million | 2033 | Term | 5% | 108.583
|
| $116,315,000 | 2042 | Term | 5% | 105.675
|
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