Published on 4/23/2013 in the Prospect News Municipals Daily.
New Issue: Virginia Mason Medical, Wash., sells $136.13 million bonds
By Sheri Kasprzak
New York, April 23 - The Virginia Mason Medical Center of Washington State sold $136,125,000 of series 2013 taxable bonds, according to a pricing sheet.
The bonds (Baa2/BBB/) were sold through BofA Merrill Lynch and Raymond James/Morgan Keegan.
The bonds are due Aug. 15, 2044 and have a 5.136% coupon priced at par.
Proceeds will be used for general corporate purposes, including the center's charitable missions, such as the construction of the Jones Pavilion.
| Issuer: | Virginia Mason Medical Center
|
| Issue: | Series 2013 taxable bonds
|
| Amount: | $136,125,000
|
| Maturity: | Aug. 15, 2044
|
| Coupon: | 5.136%
|
| Price: | Par
|
| Yield: | 5.136%
|
| Type: | Negotiated
|
| Underwriters: | BofA Merrill Lynch and Raymond James/Morgan Keegan (lead)
|
| Ratings: | Moody's: Baa2
|
| Standard & Poor's: BBB
|
| Pricing date: | April 18
|
| Settlement date: | April 24
|
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