Published on 7/30/2014 in the Prospect News Municipals Daily.
New Issue: Whittier, Calif., brings to market $66.3 million health facility bonds
By Sheri Kasprzak
New York, July 30 – The City of Whittier, Calif., sold $66.3 million of series 2014 health facility revenue bonds for PIH Health, according to a pricing sheet.
The bonds (/A+/) were sold through Barclays.
The bonds are due June 1, 2044 and have a 5% coupon priced at 106.957.
Proceeds will be used to repay a bank loan initially used to renovate and equip hospital facilities.
| Issuer: | Whittier, Calif./PIH Health
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| Issue: | Series 2014 health facility revenue bonds
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| Amount: | $66.3 million
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| Maturity: | June 1, 2044
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| Coupon: | 5%
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| Price: | 106.957
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| Type: | Negotiated
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| Underwriter: | Barclays
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| Rating: | Standard & Poor’s: A+
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| Pricing date: | July 30
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| Settlement date: | Aug. 7
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