By Sheri Kasprzak
New York, Oct. 13 - The Kansas Development Finance Authority sold $100 million of series 2011H health facilities revenue bonds for the KU Health System, according to a pricing sheet.
The bonds (/A+/A+) were sold through Piper Jaffray & Co.
The bonds are due 2017 to 2031 with term bonds due in 2034 and 2039. The serial coupons range from 4% to 5.375%. The 2034 bonds have a 5% coupon priced at 97.626 and the 2039 bonds have a 5.125% priced at 98.474.
Proceeds will be used to construct a three-floor addition to the health system's existing three-story heart care center, to construct a medical office building and to purchase equipment.
| Issuer: | Kansas Development Finance Authority/KU Health System
|
| Issue: | Series 2011H health facilities revenue bonds
|
| Amount: | $100 million
|
| Type: | Negotiated
|
| Underwriter: | Piper Jaffray & Co.
|
| Ratings: | Standard & Poor's: A+
|
| Fitch: A+
|
| Pricing date: | Oct. 13
|
| Settlement date: | Oct. 26
|
|
|
| Maturity | Type | Coupon | Price
|
| 2017 | Serial | 5% | 110.328
|
| 2018 | Serial | 5% | 110.261
|
| 2019 | Serial | 5% | 109.571
|
| 2020 | Serial | 5% | 108.733
|
| 2021 | Serial | 5% | 107.325
|
| 2022 | Serial | 4% | 98.993
|
| 2023 | Serial | 5% | 104.931
|
| 2024 | Serial | 5% | 103.723
|
| 2025 | Serial | 5% | 102.531
|
| 2026 | Serial | 5% | 101.562
|
| 2027 | Serial | 5% | 100.876
|
| 2028 | Serial | 5% | 100.535
|
| 2029 | Serial | 5.375% | 102.526
|
| 2030 | Serial | 5.375% | 102.252
|
| 2031 | Serial | 5% | 98.893
|
| 2034 | Term | 5% | 97.626
|
| 2039 | Term | 5.125% | 98.474
|
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