Published on 3/26/2014 in the Prospect News Municipals Daily.
New Issue: Alaska Industrial Development offers up $51.28 million of revenue bonds
By Sheri Kasprzak
New York, March 26 - The Alaska Industrial Development and Export Authority priced $51,275,000 of series 2014 revenue bonds for the Greater Fairbanks Community Hospital Foundation, according to a pricing sheet.
The bonds (/A/A) were sold through U.S. Bancorp Investments Inc. and Wells Fargo Securities LLC.
The bonds are due 2015 to 2034 with 3% to 5% coupons and 0.5% to 4.56% yields.
Proceeds will be used to construct, acquire, equip and install a new surgical suite at the hospital, as well as to make other repairs and improvements.
| Issuer: | Alaska Industrial Development and Export Authority/Greater Fairbanks Community Hospital Foundation
|
| Issue: | Series 2014 revenue bonds
|
| Amount: | $51,275,000
|
| Type: | Negotiated
|
| Underwriters: | U.S. Bancorp Investments Inc. and Wells Fargo Securities LLC (lead)
|
| Ratings: | Standard & Poor's: A
|
| Fitch: A
|
| Pricing date: | March 26
|
| Settlement date: | April 3
|
|
|
| Amount | Maturity | Type | Coupon | Price | Yield
|
| $1.59 million | 2015 | Serial | 3% | 102.476 | 0.50%
|
| $1,645,000 | 2016 | Serial | 4% | 106.36 | 0.78%
|
| $1,715,000 | 2017 | Serial | 4% | 108.242 | 1.19%
|
| $1,785,000 | 2018 | Serial | 4% | 109.169 | 1.62%
|
| $1,865,000 | 2019 | Serial | 5% | 113.987 | 2.04%
|
| $1,965,000 | 2020 | Serial | 5% | 113.658 | 2.53%
|
| $2,065,000 | 2021 | Serial | 5% | 113.005 | 2.93%
|
| $2.17 million | 2022 | Serial | 5% | 112.683 | 3.19%
|
| $2.28 million | 2023 | Serial | 5% | 112.062 | 3.43%
|
| $2.4 million | 2024 | Serial | 5% | 110.675 | 3.60%
|
| $2.52 million | 2025 | Serial | 5% | 109.628 | 3.73%
|
| $2.65 million | 2026 | Serial | 5% | 108.672 | 3.85%
|
| $2,785,000 | 2027 | Serial | 5% | 107.726 | 3.97%
|
| $2.93 million | 2028 | Serial | 5% | 106.868 | 4.08%
|
| $3.08 million | 2029 | Serial | 5% | 106.018 | 4.19%
|
| $3,235,000 | 2030 | Serial | 5% | 105.328 | 4.28%
|
| $3.39 million | 2031 | Serial | 4.25% | 97.399 | 4.47%
|
| $3.55 million | 2032 | Serial | 5% | 104.115 | 4.44%
|
| $3.73 million | 2033 | Serial | 5% | 103.589 | 4.51%
|
| $3,925,000 | 2034 | Serial | 5% | 103.216 | 4.56%
|
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