By Sheri Kasprzak
New York, June 15 - The Tarrant County Cultural Education Facilities Finance Corp. of Texas sold $50 million of series 2011B seven-month window variable-rate demand revenue bonds for Baylor Health Care System, said an official statement.
The bonds (Aa1/P-1/AA-) were sold through Citigroup Global Markets Inc.
The bonds are due Nov. 15, 2050 and bear interest at the windows rate plus 13 basis points.
Proceeds will be used to finance the construction and equipment of Baylor facilities.
| Issuer: | Tarrant County Cultural Education Facilities Finance Corp./Baylor Health Care System
|
| Issuer: | Series 2011B seven-month window variable-rate demand revenue bonds
|
| Amount: | $50 million
|
| Maturity: | Nov. 15, 2050
|
| Coupon: | Windows rate plus 13 bps
|
| Price: | 100
|
| Type: | Negotiated
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Ratings: | Moody's: Aa1/P-1
|
| Standard & Poor's: AA-
|
| Pricing date: | June 14
|
| Settlement date: | June 16
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
