New Issue: Montgomery County, Ohio, brings $100 million of Kettering Health bonds

By Sheri Kasprzak

New York, April 29 – Montgomery County, Ohio, sold $100 million of series 2016 hospital facilities revenue bonds for Kettering Health Network Obligated Group, said a pricing sheet.

The bonds (A2/A+/) were sold through BofA Merrill Lynch and Wells Fargo Securities LLC.

The bonds are due Aug. 1, 2047 and have a 4% coupon priced at 103.136 to yield 3.63%.

Proceeds will be used to finance capital improvements to Kettering health care facilities

Issuer:	Montgomery County, Ohio/Kettering Health Network Obligated Group
Issue:	Series 2016 hospital facilities revenue bonds
Amount:	$100 million
Maturity:	Aug. 1, 2047
Coupon:	4%
Price:	103.136
Yield:	3.63%
Type:	Negotiated
Underwriters:	BofA Merrill Lynch and Wells Fargo Securities LLC
Ratings:	Moody’s: A2
	Standard & Poor’s: A+
Pricing date:	April 22
Settlement date:	May 4

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