New Issue: Washington Health prices $110.62 million of Central Washington bonds

By Sheri Kasprzak

New York, April 22 – The Washington Health Care Facilities Authority sold $110.62 million of series 2015 revenue bonds for the Central Washington Health Services Association, according to a pricing sheet.

The bonds (Baa1//BBB+) were sold through senior managers BofA Merrill Lynch and Piper Jaffray & Co.

The bonds are due 2016 to 2030 with term bonds due in 2036 and 2039. The serial coupons range from 3% to 5%. The 2036 bonds have a 4% coupon priced at 96.801, and the 2039 bonds have a 5% coupon priced at 107.323.

Proceeds will be used to advance refund the authority’s series 2009 revenue bonds.

Issuer:	Washington Health Care Facilities Authority/Central Washington Health Services Association
Issue:	Series 2015 revenue bonds
Amount:	$110.62 million
Type:	Negotiated
Underwriters:	BofA Merrill Lynch and Piper Jaffray & Co. (lead)
Ratings:	Moody’s: Baa1
	Fitch: BBB+
Pricing date:	April 22
Settlement date:	May 5
Amount	Maturity	Type	Coupon	Price
$675,000	2016	Serial	3%	102.712
$695,000	2017	Serial	4%	106.027
$720,000	2018	Serial	5%	110.192
$760,000	2019	Serial	5%	111.988
$3.33 million	2020	Serial	5%	113.626
$3,495,000	2021	Serial	5%	114.731
$3.67 million	2022	Serial	5%	115.082
$3,855,000	2023	Serial	5%	115.386
$4.05 million	2024	Serial	5%	115.385
$4.25 million	2025	Serial	5%	115.404
$4.46 million	2026	Serial	5%	113.823
$4,685,000	2027	Serial	5%	112.449
$4.92 million	2028	Serial	5%	111.365
$5,165,000	2029	Serial	5%	110.649
$5.42 million	2030	Serial	5%	110.027
$37.76 million	2036	Term	4%	96.801
$22.71 million	2039	Term	5%	107.323

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