By Sheri Kasprzak
New York, Jan. 15 - The Idaho Health Facilities Authority priced $103,185,000 of series 2013 revenue bonds for the Terrace of Boise, according to a pricing sheet.
The deal included $80,685,000 of series 2013A tax-exempt bonds, $4,875,000 of series 2013B-1 tax-exempt mandatory paydown securities, $7,375,000 of series 2013B-2 tax-exempt mandatory paydown securities, $8.5 million of series 2013B-3 tax-exempt mandatory paydown securities and $1.75 million of series 2013C taxable bonds.
The 2013A bonds are due 2024, 2029, 2034, 2044 and 2049. The 2024 bonds have a 7% coupon priced at par. The 2029 bonds have a 7.375% coupon priced at 98.843 to yield 7.5%, and the 2034 bonds have a 7.75% coupon priced at 98.717 to yield 7.875%. The 2044 bonds have an 8% coupon priced at 98.577 to yield 8.125%, and the 2049 bonds have an 8.125% coupon priced at 98.55 to yield 8.25%.
The 2013B-1 bonds are due Oct. 1, 2022 and have a 6.5% coupon priced at par.
The 2013B-2 bonds are due Oct. 1, 2021 and have a 6% coupon priced at par.
The 2013B-3 bonds are due Oct. 1, 2020 and have a 5.25% coupon priced at par.
The 2013C bonds are due Oct. 1, 2019 and have a 7% coupon priced at par.
The bonds were sold through Ziegler Capital Markets Inc.
Proceeds will be used to finance capital improvements for Terraces of Boise, a continuing care retirement community, as well as to refinance existing debt.
| Issuer: | Idaho Health Facilities Authority/Terraces of Boise
|
| Issue: | Series 2013A revenue bonds
|
| Amount: | $103,185,000
|
| Type: | Negotiated
|
| Underwriter: | Ziegler Capital Markets Inc.
|
| Pricing date: | Jan. 15
|
| Settlement date: | Jan. 28
|
|
|
| $80,685,000 series 2013A bonds
|
| Amount | Maturity | Type | Coupon | Price | Yield
|
| $5.08 million | 2024 | Term | 7% | 100 | 7%
|
| $4 million | 2029 | Term | 7.375% | 98.843 | 7.5%
|
| $11,135,000 | 2034 | Term | 7.75% | 98.717 | 7.875%
|
| $32.23 million | 2044 | Term | 8% | 98.577 | 8.125%
|
| $28.24 million | 2049 | Term | 8.125% | 98.55 | 8.25%
|
|
|
| $4,875,000 series 2013B-1 tax-exempt mandatory paydown securities
|
| Maturity | Type | Coupon | Price
|
| Oct. 1, 2022 | Term | 6.5% | 100
|
|
|
| $7,375,000 series 2013B-2 tax-exempt mandatory paydown securities
|
| Maturity | Type | Coupon | Price
|
| Oct. 1, 2021 | Term | 6% | 100
|
|
|
| $8.5 million series 2013B-3 tax-exempt mandatory paydown securities
|
| Maturity | Type | Coupon | Price
|
| Oct. 1, 2020 | Term | 5.25% | 100
|
|
|
| $1.75 million series 2013C taxable bonds
|
| Maturity | Type | Coupon | Price
|
| Oct. 1, 2019 | Term | 7% | 100
|
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