By Sheri Kasprzak
New York, Sept. 9 - The Connecticut Health and Educational Facilities Authority priced $58.94 million of series 2011F revenue bonds for the Lawrence & Memorial Hospital, according to a pricing sheet.
The bonds (A+/A+) were sold through Morgan Stanley & Co. LLC.
The bonds are due 2012 to 2026 with term bonds due in 2031 and 2036. The serial coupons range from 1% to 5%. The 2031 bonds have a 5% coupon priced at 102.09, and the 2036 bonds have a 5% coupon priced at 100.377.
Proceeds will be used to refund existing debt issued for the New London, Conn.-based hospital.
| Issuer: | Connecticut Health and Educational Facilities Authority/Lawrence & Memorial Hospital
|
| Issue: | Series 2011F revenue bonds
|
| Amount: | $58.94 million
|
| Type: | Negotiated
|
| Underwriter: | Morgan Stanley & Co. LLC
|
| Ratings: | Standard & Poor's: A+
|
| Fitch: A+
|
| Pricing date: | Sept. 9
|
| Settlement date: | Sept. 15
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $2.885 million | 2012 | Serial | 1% | 100.197
|
| $2.625 million | 2013 | Serial | 4% | 104.863
|
| $2.725 million | 2014 | Serial | 4% | 106.588
|
| $2.835 million | 2015 | Serial | 5% | 111.527
|
| $2.975 million | 2016 | Serial | 5% | 112.574
|
| $3.13 million | 2017 | Serial | 4% | 107.873
|
| $3.255 million | 2018 | Serial | 5% | 113.125
|
| $275,000 | 2019 | Serial | 3% | 99.035
|
| $3.135 million | 2019 | Serial | 5% | 112.766
|
| $3.575 million | 2020 | Serial | 3% | 97.573
|
| $2.94 million | 2021 | Serial | 5% | 111.902
|
| $3.085 million | 2022 | Serial | 5% | 109.903
|
| $1.33 million | 2023 | Serial | 5% | 108.2
|
| $1.4 million | 2024 | Serial | 4% | 98.517
|
| $1.455 million | 2025 | Serial | 4% | 97.405
|
| $1.51 million | 2026 | Serial | 4.125% | 97.558
|
| $8.705 million | 2031 | Term | 5% | 102.09
|
| $11.1 million | 2036 | Term | 5% | 100.377
|
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