By Cristal Cody
Tupelo, Miss., March 30 – Allina Health System sold $150 million of 4.43% 3(a)(4) exempt 30-year taxable bonds at a spread of Treasuries plus 140 basis points on Thursday, according to a market source.
The series 2017 bonds due April 15, 2047 (Aa3/AA-/AA-) priced tighter than initial price thoughts in the Treasuries plus 145 bps area.
J.P. Morgan Securities LLC was the bookrunner.
Proceeds will be used for general corporate purposes.
Allina Health System is a Minneapolis-based health care system.
| Issuer: | Allina Health System
|
| Amount: | $150 million
|
| Description: | Series 2017 taxable bonds
|
| Maturity: | April 15, 2047
|
| Bookrunner: | J.P. Morgan Securities LLC
|
| Coupon: | 4.43%
|
| Spread: | Treasuries plus 140 bps
|
| Trade date: | March 30
|
| Ratings: | Moody’s: Aa3
|
| S&P: AA-
|
| Fitch: AA-
|
| Price guidance: | Treasuries plus 145 bps area
|
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