By Sheri Kasprzak
New York, Dec. 14 - The city of Wichita, Kan., priced $88.11 million in series 2009X hospital facilities revenue refunding bonds for the Via Christi Health System on Thursday, according to an official statement.
The bonds (/A+/A+) were sold through Morgan Stanley & Co. Inc.
The bonds are due 2010 to 2018 with term bonds due 2024 and 2024. The serials have coupons from 1.5% to 5% and yields from 1.15% to 4.15%. The first 2024 bonds have a 5.25% coupon to yield 4.95% and the second 2024 bonds have a 4.75% coupon to yield 4.95%.
Proceeds will be used to refund the health system's series 1999 bonds.
| Issuer: | Wichita, Kan./Via Christi Health System
|
| Issue: | Series 2009X hospital facilities revenue refunding bonds
|
| Amount: | $88.11 million
|
| Type: | Negotiated
|
| Underwriter: | Morgan Stanley & Co. Inc. (lead)
|
| Ratings: | Standard & Poor's: A+
|
| Fitch: A+
|
| Pricing date: | Dec. 10
|
| Settlement date: | Dec. 16
|
|
|
| Maturity | Type | Coupon | Yield
|
| 2010 | Serial | 1.5% | 1.15%
|
| 2011 | Serial | 3% | 1.92%
|
| 2012 | Serial | 4% | 2.26%
|
| 2013 | Serial | 5% | 2.60%
|
| 2014 | Serial | 5% | 2.97%
|
| 2015 | Serial | 5% | 3.37%
|
| 2016 | Serial | 5% | 3.64%
|
| 2017 | Serial | 5% | 3.92%
|
| 2018 | Serial | 4% | 4.15%
|
| 2024 | Term | 5.25% | 4.95%
|
| 2024 | Term | 4.75% | 4.95%
|
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