By Aaron Hochman-Zimmerman
New York, April 30 - Washington Health Care Facilities Authority in Washington State priced $100 million in two equal tranches of series 2009A and 2009B revenue bonds, according to Donna Fincke, spokeswoman for the authority.
The deal priced at 40 bps over MMD and interest will be paid at a weekly rate.
Merrill Lynch, Pierce, Fenner & Smith Inc. was scheduled to act as lead underwriter for the 2009A bonds.
J.P. Morgan Securities Inc. and Wells Fargo Brokerage Services LLC were slated to have the lead for the 2009B bonds. Kaufman, Hall & Associates acted as financial advisers to the negotiated deal.
The bonds' final maturity will come in 2044 while the bonds due 2040 to 2044 will be subject to mandatory sinking fund redemptions.
Proceeds will be used to acquire and maintain hospital facilities.
The Washington Health Care Facilities Authority is located in Olympia, Wash.
| Issuer: | Washington Health Care Facilities Authority
|
| Issue: | Series 2009A-B revenue bonds
|
| Total amount: | $100 million
|
| Final maturity: | 2044
|
| Call options: | Bonds due 2040 to 2044 subject to mandatory sinking fund redemptions
|
| Type: | Negotiated
|
| Pricing date: | April 30
|
|
|
| Series 2009A bonds
|
| Issue: | Series 2009A revenue bonds
|
| Amount: | $50 million
|
| Underwriter: | Merrill Lynch, Pierce, Fenner & Smith Inc.
|
|
|
| Series 2009B bonds
|
| Issue: | Series 2009B revenue bonds
|
| Amount: | $50 million
|
| Underwriters: | J.P. Morgan Securities Inc., Wells Fargo Brokerage Services LLC
|
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