By Sheri Kasprzak
New York, April 30 - Montgomery County, Ohio, sold $93.34 million of series 2012 hospital facilities revenue refunding bonds for Kettering Health Network Obligated Group, according to an official statement.
The bonds (A3/A/) were sold through underwriter Bank of America Merrill Lynch.
The bonds are due 2032, 2037, 2042 and 2047.
The 2032 bonds have a 4.75% coupon priced at 101.723 to yield 4.43%. The 2037 bonds have a 5% coupon priced at 101.33 to yield 4.75% and the 2042 bonds have a 5% coupon priced at 101.007 to yield 4.81%. The 2047 bonds have a 5.25% coupon priced at 101.803 to yield 4.91%.
Proceeds will be used to refund the obligated group's series 2008B variable-rate hospital facilities revenue refunding and improvement bonds.
Issuer: | Montgomery County, Ohio/Kettering Health Network Obligated Group
|
Issue: | Series 2012 hospital facilities revenue refunding bonds
|
Amount: | $93.34 million
|
Type: | Negotiated
|
Underwriters: | Bank of America Merrill Lynch
|
Ratings: | Moody's: A3
|
Standard & Poor's: A
|
Pricing date: | April 26
|
Settlement date: | May 1
|
|
Amount | Maturity | Type | Coupon | Price | Yield
|
$20,545,000 | 2032 | Term | 4.75% | 101.723 | 4.43%
|
$20.14 million | 2037 | Term | 5% | 101.33 | 4.75%
|
$23.97 million | 2042 | Term | 5% | 101.007 | 4.81%
|
$28,685,000 | 2047 | Term | 5.25% | 101.803 | 4.91%
|
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