By Sheri Kasprzak
New York, Sept. 11 - The Onondaga Civic Development Corp. of New York sold $141.64 million of series 2012 tax-exempt bonds for the St. Joseph Hospital Health Center, according to a pricing sheet.
The bonds (Ba1/BB+/) were sold through Jefferies & Co.
The bonds are due 2013 to 2017 with term bonds due in 2022, 2032 and 2042. The serial coupons range from 2% to 5%. The 2022 bonds have a 5% coupon priced at 109.72 and the 2032 bonds have a 4.5% coupon priced at 96.809. The 2042 bonds have a 5% coupon priced at 100.376.
Proceeds will be used to finance capital improvements to the hospital, as well as to refund the hospital's series 1997 revenue bonds.
Issuer: | Onondaga Civic Development Corp./St. Joseph Hospital Health Center
|
Issue: | Series 2012 tax-exempt bonds
|
Amount: | $141.64 million
|
Type: | Negotiated
|
Underwriter: | Jefferies & Co.
|
Ratings: | Moody's: Ba1
|
| Standard & Poor's: BB+
|
Pricing date: | Sept. 11
|
Settlement date: | Sept. 20
|
|
Amount | Maturity | Type | Coupon | Price
|
$2,765,000 | 2013 | Serial | 2% | 99.883
|
$3.91 million | 2014 | Serial | 2% | 99.478
|
$6.18 million | 2015 | Serial | 2.25% | NRO
|
$6.32 million | 2016 | Serial | 5% | 108.584
|
$8.2 million | 2017 | Serial | 5% | 109.775
|
$13.68 million | 2022 | Term | 5% | 109.72
|
$38.84 million | 2032 | Term | 4.5% | 96.809
|
$61,745,000 | 2042 | Term | 5% | 100.376
|
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