By Sheri Kasprzak
New York, Aug. 7 – The Washington Health Care Facilities Authority sold $77,635,000 of series 2015A revenue bonds for Providence Health & Services, according to a pricing sheet.
The bonds (Aa3/AA-/AA) were sold through BofA Merrill Lynch and Morgan Stanley & Co. LLC.
The bonds are due Oct. 1, 2045 and have a 4% coupon priced at 97.766 to yield 4.13%.
Proceeds will be used to construct, equip, remodel and improve Providence Health facilities.
| Issuer: | Washington Health Care Facilities Authority/Providence Health & Services
|
| Issue: | Series 2015A revenue bonds
|
| Amount: | $77,635,000
|
| Maturity: | Oct. 1, 2045
|
| Coupon: | 4%
|
| Price: | 97.766
|
| Yield: | 4.13%
|
| Type: | Negotiated
|
| Underwriters: | BofA Merrill Lynch and Morgan Stanley & Co. LLC (lead)
|
| Ratings: | Moody’s: Aa3
|
| Standard & Poor’s: AA-
|
| Fitch: AA
|
| Pricing date: | Aug. 6
|
| Settlement date: | Aug. 12
|
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