By Sheri Kasprzak
New York, Oct. 4 - The Nassau County Local Economic Assistance Corp. priced $132 million of series 2012 revenue bonds for the Winthrop-University Hospital Association, according to a pricing sheet.
The bonds (Baa1//BBB+) were sold through Goldman, Sachs & Co.
The bonds are due 2013 to 2022 with term bonds due in 2027, 2032, 2037 and 2042. The serial coupons range from 3% to 5%. The 2027 bonds have a 5% coupon and the 2032 bonds have a split maturity with a 4% coupon and a 5% coupon. The 2037 bonds have a 5% coupon. The 2042 bonds have a 4.25% coupon and a 5% coupon.
Proceeds will be used to refund the corporation's series 2001A-B and 2003A-B revenue bonds.
| Issuer: | Nassau County Local Economic Assistance Corp./Winthrop-University Hospital Association
|
| Issue: | Series 2012 revenue bonds
|
| Amount: | $132 million
|
| Type: | Negotiated
|
| Underwriter: | Goldman, Sachs & Co.
|
| Ratings: | Moody's: Baa1
|
| Fitch: BBB+
|
| Pricing date: | Oct. 4
|
| Settlement date: | Oct. 23
|
|
|
| Maturity | Type | Coupon
|
| 2013 | Serial | 3%
|
| 2014 | Serial | 4%
|
| 2015 | Serial | 4%
|
| 2016 | Serial | 4%
|
| 2017 | Serial | 4%
|
| 2018 | Serial | 5%
|
| 2019 | Serial | 5%
|
| 2020 | Serial | 5%
|
| 2021 | Serial | 5%
|
| 2022 | Serial | 5%
|
| 2027 | Term | 5%
|
| 2032 | Term | 4%
|
| 2032 | Term | 5%
|
| 2037 | Term | 5%
|
| 2042 | Term | 4.25%
|
| 2042 | Term | 5%
|
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