By Sheri Kasprzak
New York, May 4 – Texas Health Resources sold $300 million of series 2015 taxable system revenue bonds on April 28, according to a pricing sheet.
The bonds (Aa2/AA/) were sold through Morgan Stanley & Co. LLC and BofA Merrill Lynch.
The bonds are due Nov. 15, 2055 and have a 4.33% coupon priced at par.
Proceeds will be used to finance capital projects for the health system.
| Issuer: | Texas Health Resources
|
| Issue: | Series 2015 taxable system revenue bonds
|
| Amount: | $300 million
|
| Maturity: | Nov. 15, 2055
|
| Coupon: | 4.33%
|
| Price: | 100
|
| Yield: | 4.33%
|
| Type: | Negotiated
|
| Underwriters: | Morgan Stanley & Co. LLC, BofA Merrill Lynch
|
| Ratings: | Moody’s: Aa2
|
| Standard & Poor’s: AA
|
| Pricing date: | April 28
|
| Settlement date: | May 5
|
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