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Published on 9/19/2013 in the Prospect News Municipals Daily.

New Issue: Evangelical Lutheran Good Samaritan, Colo., sells $63.68 million bonds

By Sheri Kasprzak

New York, Sept. 19 - The Colorado Health Facilities Authority sold $63,675,000 of series 2013 health facilities revenue bonds for the Evangelical Lutheran Good Samaritan Society, according to 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 2022 to 2023 with term bonds due in 2028, 2033 and 2043. The serial coupons range from 4% to 5%. The 2028 bonds have a 5% coupon priced at 98.969, and the 2033 bonds have a 5.5% coupon priced at par. The 2043 bonds have a 5.625% coupon priced at 97.527.

Proceeds will be used to construct, equip and acquire nursing facilities, health care facilities and senior housing facilities at various Colorado Health campuses in Arizona, Colorado, Florida, Indiana, Iowa, Minnesota, Nebraska, New Mexico, South Dakota and Texas.

Issuer:Colorado Health Facilities Authority/Evangelical Lutheran Good Samaritan Society
Issue:Series 2013 health facilities revenue bonds
Amount:$68,675,000
Type:Negotiated
Underwriters:Citigroup Global Markets Inc. and Herbert J. Sims & Co. (lead)
Ratings:Moody's: A3
Standard & Poor's: A-
Pricing date:Sept. 19
Settlement date:Oct. 2
AmountMaturityTypeCouponPrice
$875,0002022Serial5%107.255
$915,0002023Serial4%98.654
$5.28 million2028Term5%98.969
$6,845,0002033Term5.5%100
$49.76 million2043Term5.625%97.527

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