By Sheri Kasprzak
New York, May 4 - The City of Tampa in Florida sold $200.255 million in series 2010 revenue bonds for Baycare Health System on Tuesday, according to a pricing sheet.
The bonds (Aa3//AA-) were sold through Morgan Stanley & Co. Inc. with Raymond James & Associates Inc. as the co-manager.
The bonds are due 2010 to 2011 and from 2015 to 2023. The coupons range from 2% to 5%. The full pricing terms were unavailable by press time.
Proceeds will be used to refund the city's outstanding series 1998A1 Catholic Health revenue bonds.
| Issuer: | City of Tampa, Fla./Baycare Health System
|
| Issue: | Series 2010 revenue bonds
|
| Amount: | $200.255 million
|
| Type: | Negotiated
|
| Underwriters: | Morgan Stanley & Co. Inc. (lead); Raymond James & Associates Inc. (co-manager)
|
| Ratings: | Moody's: Aa3
|
| Fitch: AA-
|
| Pricing date: | May 4
|
| Settlement date: | May 20
|
|
|
| Maturity | Type | Coupon
|
| 2010 | Serial | 2%
|
| 2011 | Serial | 3%
|
| 2011 | Serial | 5%
|
| 2015 | Serial | 3.25%
|
| 2015 | Serial | 5%
|
| 2016 | Serial | 4%
|
| 2016 | Serial | 5%
|
| 2017 | Serial | 4%
|
| 2017 | Serial | 5%
|
| 2018 | Serial | 4%
|
| 2018 | Serial | 5%
|
| 2019 | Serial | 4%
|
| 2019 | Serial | 5%
|
| 2020 | Serial | 4%
|
| 2020 | Serial | 5%
|
| 2021 | Serial | 4.3%
|
| 2021 | Serial | 5%
|
| 2022 | Serial | 5%
|
| 2023 | Serial | 4.25%
|
| 2023 | Serial | 5%
|
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