Published on 5/23/2012 in the Prospect News Municipals Daily.
New Issue: Greenville Hospital System, S.C., brings $92.91 million of hospital revenue bonds
By Sheri Kasprzak
New York, May 23 - The Greenville Hospital System Board of Trustees of South Carolina priced $92.91 million of series 2012 hospital refunding revenue bonds, according to a pricing sheet.
The bonds (A1/AA-/AA-) were sold through Barclays Capital Inc. as the senior manager. The co-managers were TD Securities (USA) LLC and Wells Fargo Securities LLC.
The bonds are due 2021 to 2031 with 3.25% to 5% coupons.
Proceeds will be used to refund the hospital system's series 2001 revenue bonds.
| Issuer: | Greenville Hospital System Board of Trustees
|
| Issue: | Series 2012 hospital refunding revenue bonds
|
| Amount: | $92.91 million
|
| Type: | Negotiated
|
| Underwriters: | Barclays Capital Inc. (lead), TD Securities (USA) LLC and Wells Fargo Securities LLC (co-managers)
|
| Ratings: | Moody's: A1
|
| Standard & Poor's: AA-
|
| Fitch: AA-
|
| Pricing date: | May 23
|
| Settlement date: | June 7
|
|
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $1.41 million | 2021 | Serial | 5% | 117.394
|
| $1.48 million | 2022 | Serial | 4% | 109.135
|
| $1.74 million | 2023 | Serial | 3% | 98.169
|
| $2,355,000 | 2023 | Serial | 5% | 115.626
|
| $140,000 | 2024 | Serial | 3.25% | 98.059
|
| $8.86 million | 2024 | Serial | 5% | 113.801
|
| $9.45 million | 2025 | Serial | 5% | 112.723
|
| $9.92 million | 2026 | Serial | 5% | 111.922
|
| $10,415,000 | 2027 | Serial | 5% | 111.216
|
| $10.94 million | 2028 | Serial | 5% | 110.516
|
| $11,485,000 | 2029 | Serial | 5% | 109.82
|
| $12,055,000 | 2030 | Serial | 5% | 109.216
|
| $3,475,000 | 2031 | Serial | 4% | 98.045
|
| $9,185,000 | 2031 | Serial | 5% | 108.616
|
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