By Sheri Kasprzak
New York, Oct. 20 - The Indiana Finance Authority sold $103.035 million in series 2010 hospital revenue bonds for King's Daughters' Hospital and Health Services, said a pricing sheet.
The bonds (Baa2//BBB+) were sold through Piper Jaffray & Co.
The bonds are due 2015 to 2016 with term bonds due 2018, 2020, 2027, 2040 and 2045. The coupons range from 4.5% to 5.5%.
Proceeds will be used to finance, refinance or reimburse the health system for the renovation, construction, acquisition and equipment of a replacement hospital for the King's Daughters' facility in Madison, Ind.
| Issuer: | Indiana Finance Authority/King's Daughters' Hospital and Health Services
|
| Issue: | Series 2010 hospital revenue bonds
|
| Amount: | $100.035 million
|
| Type: | Negotiated
|
| Underwriter: | Piper Jaffray & Co.
|
| Ratings: | Moody's: Baa2
|
| Fitch: BBB+
|
| Pricing date: | Oct. 20
|
| Settlement date: | Nov. 3
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $1.37 million | 2015 | Serial | 4.5% | 104.543
|
| $1.43 million | 2016 | Serial | 4.5% | 103.914
|
| $3.065 million | 2018 | Term | 5% | 104.987
|
| $3.375 million | 2020 | Term | 5% | 102.639
|
| $14.84 million | 2027 | Term | 5.125% | 96.981
|
| $47.115 million | 2040 | Term | 5.5% | 97.84
|
| $28.84 million | 2045 | Term | 5.5% | 96.247
|
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