By Sheri Kasprzak
New York, April 13 - The Kent Hospital Finance Authority in Michigan sold $57.7 million of series 2012 variable-rate demand revenue and revenue refunding bonds, according to an official statement.
The bonds (/A-1/A/F1) were sold through senior manager Bank of America Merrill Lynch.
The bonds are due July 1, 2041 and bear interest at the variable-rate mode priced at par.
Proceeds will be used to acquire a power plant for the authority's health care properties.
| Issuer: | Kent Hospital Finance Authority
|
| Issue: | Series 2012 variable-rate demand revenue and revenue refunding bonds
|
| Amount: | $57.7 million
|
| Maturity: | July 1, 2041
|
| Coupon: | Variable-rate mode
|
| Price: | 100
|
| Type: | Negotiated
|
| Underwriter: | Bank of America Merrill Lynch (lead)
|
| Pricing date: | April 12
|
| Settlement date: | April 19
|
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