Published on 10/17/2012 in the Prospect News Municipals Daily.
New Issue: Cobb County Kennestone Hospital, Ga., sells $108.49 million of Wellstar bonds
By Sheri Kasprzak
New York, Oct. 17 - The Cobb County Kennestone Hospital Authority of Georgia sold $108,495,000 of series 2012 revenue anticipation certificates for the Wellstar Health System, according to a pricing sheet.
The bonds (Aa3) were sold through Raymond James/Morgan Keegan.
The bonds are due 2013 to 2032 with 2% to 5% coupons.
Proceeds will be used to finance the capital needs of Wellstar Health.
Issuer: | Cobb County Kennestone Hospital Authority, Ga./Wellstar Health System
|
Issue: | Series 2012 revenue anticipation certificates
|
Amount: | $108,495,000
|
Type: | Negotiated
|
Underwriter: | Raymond James/Morgan Keegan
|
Ratings: | Moody's: Aa3
|
Pricing date: | Oct. 17
|
Settlement date: | Nov. 15
|
|
Amount | Maturity | Type | Coupon | Price
|
$95,000 | 2013 | Serial | 3% | 100.987
|
$2.65 million | 2014 | Serial | 3% | 103.456
|
$2.73 million | 2015 | Serial | 3% | 105.511
|
$2,815,000 | 2016 | Serial | 4% | 110.501
|
$2,925,000 | 2017 | Serial | 4% | 112.497
|
$3,645,000 | 2018 | Serial | 5% | 119.386
|
$3,835,000 | 2019 | Serial | 5% | 120.669
|
$1.96 million | 2020 | Serial | 3% | 107.68
|
$2,065,000 | 2020 | Serial | 5% | 121.397
|
$1.07 million | 2021 | Serial | 2% | 98.551
|
$3.11 million | 2021 | Serial | 2.75% | 104.263
|
$4.29 million | 2022 | Serial | 4% | 113.003
|
$4,465,000 | 2023 | Serial | 5% | 121.907
|
$4.68 million | 2024 | Serial | 5% | 121.095
|
$230,000 | 2025 | Serial | 3% | 99.69
|
$240,000 | 2026 | Serial | 3% | 98.909
|
$2.85 million | 2027 | Serial | 3% | 98.046
|
$7,885,000 | 2027 | Serial | 5% | 118.601
|
$11,215,000 | 2028 | Serial | 5% | 118.11
|
$11,775,000 | 2029 | Serial | 5% | 117.523
|
$12,365,000 | 2030 | Serial | 5% | 117.134
|
$12,985,000 | 2031 | Serial | 4% | 105.385
|
$8,615,000 | 2032 | Serial | 3.5% | 99.024
|
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